Buy RIL 980 Call, Zee Entertainment, Lupin: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Reliance Industries has been struggling to close and hold above Rs 980 from last four weeks. As per its price pattern the data base we are getting an early sign of leadership from this stock which may take it to higher levels. On immediate basis, we are witnessing Put writings, so Rs 965-970 zone is likely to act as a support while on upside it has potential to move towards Rs 1,010-1,015 levels. So, recommending to buy 980 Call by putting a stop los of Rs 12 and expecting this Call to move towards Rs 32." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com"Lupin has given an early sign of bottoming out, recently it made bottom near to Rs 1,400 and now short covering has been witnessed in the counter. It looks quite attractive in terms of risk reward ratio. So, one can buy for an upside target of Rs 1,500 by putting a stop loss below Rs 1,435," he said. "We have seen positive rollover in Zee Entertainment for most of the time from series to series. It is trading near to its old time high levels and holding the gains even after the market volatility. We are expecting the positive momentum to extend in the counter. So, recommending to buy for higher target of Rs 480. One can place a stop loss near to Rs 455," he added.