Buy Kalpataru Power Transmission, ICICI Bank: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "I have a buy on Kalpataru Power Transmission. It is forming beautiful pattern and if you look at from a short-term perspective, it is forming parent formation. I believe Rs 237 is the weekly close which is required for the stock. If it confirms that and today being the weekend, if it closes above Rs 237, it becomes an attractive buy in terms of risk reward as well. I would look for a target of at least Rs 255 from a short-term perspective keeping a stop loss of Rs 225."

"I have a buy on ICICI Bank. The way the moving averages from the hourly chart is indicating, I expect that probably Rs 10-12 jump could be seen on the stock. It is favourable to go long in stock keeping a risk reward 1:2 and stop loss at Rs 282," he said.

Disclosure: Analyst has no personal holdings in the stocks but it ispossible that he may have recommended the same to his clients at LKP.