Rahul Shah of Motilal Oswal told CNBC-TV18, "Star of the day is Reliance Industries; that is on top of my mind. So, one should go long on 1,260 Call looking at the way the stock has run up; 1,260 Call is trading around Rs 35-36, keep a stop loss of Rs 30 and target of Rs 50 in the stock.""We saw the metal sector outperforming in the last three to four series. I believe this should continue the trend. So, top of the mind is again JSW Steel. So, one should buy JSW Steel with a stop loss of Rs 182 and target of Rs 198,"he added. "Third stock from midcap space one should still go long is in Kaveri Seed Company. However, technically also the stock is showing a lot of strength. So, with a stop loss of Rs 452 and target of Rs 490 one should go long on the stock."Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.
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