Buy Reliance Industries 1000 Call, says Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Reliance Industries is now making a strong based. It is also making attractive price pattern. We have seen short covering and Put writing at 980 strike which is shifting the support on higher side. After the long consolidation of last four-five weeks, it has managed to close above Rs 985 because of the stock initially moved towards Rs 1,010 level.""Now, the stock is showing an early sign of leadership in the entire market, which can also support the Nifty. If Nifty has to move up, suggesting to buy 1,000 Call, keep the stop loss of Rs 5 and expecting this call to move to Rs 20," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"We have a positive view on Havells India. This stock has been consolidating in a range but holding above its 52-day moving average (DMA), we are getting an early sign of the momentum which can take it to the recent high level. We have seen a built up of long position and major trend of the counter is positive. So the recent consolidation gives a fresh opportunity to buy. Recommending to buy with a stop loss of Rs 354 for the immediate target of Rs 377.""We have positive view on HCL Technologies, the stock has negated its negative pattern of last 8-9 months. It has formed a strong base near Rs 720 zone and also given a breakout above immediate hurdle of Rs 765 zone. We have seen some short covering, the stock has managed to hold above its 50-day moving average (DMA) and looks quite attractive for the immediate move towards Rs 805 and then much higher levels. So looks quite attractive in terms of risk reward ratio, already bottomed out and most of the IT counter again started to move like TCS and Infosys. So recommending to buy HCL Tech by keeping the stop loss of Rs 750 for the upside target of Rs 803 levels."