Buy Reliance Capital, M&M Financial Services: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Reliance Capital has seen good open interest yesterday - 5.75 percent. Important thing was the way, even approaching to expiry the premium has started to increase with the cash, clearly telling that lot of trading positions on the long side have been built up. Comfortably, technically, it is looking strong so, we are keeping Rs 455 which should act as a support now as the stop loss and in immediate short-term, it seems the stock is heading towards Rs 473-475 band, so that should be the target." "The second stock we have chosen is Mahindra & Mahindra Financial Services. This stock is very interesting because we have seen last week also, week-on-week 18 percent OI additions. Starting this week, in last two days, 6 percent OI additions, so in slow basis accumulation has been done. Yesterday, we have seen the stock cruising above that Rs 290 level which was always acting as a stiff resistance. We feel there can be a bigger target in M&M Finance in next 2 to 3 trading sessions," he said."So, we are giving a target of Rs 315 because it has broken Rs 290, the stiff resistance level that will act as a support now. We have given a stop loss at Rs 290. Both M&M Finance and Reliance Capital are looking good for next two to three sessions and both are from NBFCs space," he added.