Buy ONGC, Tata Steel, Asian Paints: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have a positive view on Oil and Natural Gas Corporation (ONGC) even after the market decline. This stock is now ready to correct. It has seen built up of long position, clearly making higher tops higher bottom formation. If it manages to hold above Rs 275, it can easily head towards Rs 285-288 levels. Most of the oil and gas companies are doing well, so this stock can do well. So recommending to buy 275 Call, putting a stop loss of Rs 3 and expecting this Call to rally towards Rs 12.""In metal counter, Tata Steel is holding gains even after market pressure. This stock is intact with its positive price pattern. In the last trading session, it has given the break out and today, longs are intact with Put writing at lower strike. So, expecting this stock to rally towards Rs 430, so recommending to buy 420 Call for the upside target towards Rs 18," he said."Third trade is buy on Asian Paints. The stock is hovering near to its lifetime high territory. Because of the market pressure, it has not rallied, but still hovering above Rs 1,200-1,250 level. If the market manages to hold here, the stock can easily head towards Rs 1,265-1,270. So, recommending to buy with a stop loss of Rs 1,195.""Bank of Baroda has given a breakdown by forming a negative price pattern. Shorts are intact, so expecting it to go down towards Rs 152. One can sell with a stop loss of Rs 163." "Adani Enterprises also looks weak on the downside."