Buy LIC Housing Finance, State Bank of India, CESC: Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have selective buys in the banking and the finance companies. There is buy in LIC Housing Finance. The stock has given a strong breakout and now is trading near its lifetime high territory. We are suggesting to buy 560 Call, which is trading near Rs 8-9, keep the stop loss of Rs 5 and I am expecting it to move to Rs 16.""Second stock is buy on State Bank of India (SBI) 245 Call. The stock has been respecting its multiple support of Rs 220 zone and on last trading session it has seen open interest (OI) addition of more than 10-12 percent which clearly indicates that longs are being built in the counter. So expecting it to move towards Rs 250-255. One can trade with 245 Call by keeping a stop loss of Rs 2.50 and expecting it to move towards Rs 11," he said."We have a buy in CESC. The stock is moving from last five-six weeks making higher tops, higher bottom formation. It is also respecting its 50-day moving average and has managed to surpass the multiple hurdle of Rs 635 zone. So, expecting it to rally towards Rs 660, one can buy with a stop loss of Rs 633.""We have buy on Motherson Sumi Systems. The stock earlier rallied from Rs 305 to Rs 350 level which used to be a crucial hurdle for the counter and after that it has seen the strong momentu. Now post decline, this stock may find support near Rs 300. One can buy on decline by putting a stop loss near Rs 305 and expecting it to move towards Rs 350 kind of levels."