Meghana V Malkan of malkansview.com told CNBC-TV18, "I have two buy calls on my list. The first bet would be a long call on Ranbaxy. Its all three timeframes are bullish and it is attempting to move out of a small consolidation of 4-5 trading sessions. Hence I would try to go long on Ranbaxy with a stoploss of Rs 710 for a target of Rs 742.”
”My second call is a buy call on Apollo Tyres. It has broken out of a triangle pattern on daily charts and momentum on all three timeframes is bullish. Hence a buy call with a stoploss of Rs 240 for a target of Rs 256,” he added.
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