Buy Kaveri Seed, IndusInd Bank, SAIL: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "I am optimistic. The market looks positive, it does not look like shorting in this kind of market. So, I think selectively, stock specifically one should go long." "After a long time we, saw some consolidation and longs built up in Kaveri Seed Company and looks like the stock is going to rally more from here. On Friday, the stock was up, today also it is trading marginally up. So, I would buy Kaveri Seed with a stop loss of Rs 450 for target of Rs 480," he said. "Looks like the entire financial space is quite positive and in that space, private sector banks has been leading. In that space we saw longs getting built up in IndusInd Bank. So, I think still the stock looks attractive. So, I would still buy IndusInd with a stop loss of Rs 1,202 for target of Rs 1,260." "In metal space, we have seen a lot of action since last few weeks. This will still continue. In that space, I think steel has been laggard for quite some time but in last three to four days, we have seen the stocks getting some momentum. So, I feel one should go long in Steel Authority of India (SAIL) with a stop loss of Rs 57.50 for target of Rs 62."