Buy Shriram Transport, TVS Motor, Dr Reddy's: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have a positive view on most of the housing finance companies. We have a positive view on DHFL, Bharat Financial Inclusion and we are recommending to go long on Shriram Transport Finance Corporation. The stock has seen open interest activity and managed to hold multiple support of Rs 1,150 levels. In the entire series, it has seen the liquidation and then fresh built up of long position. Open interest is up and the rollover is more than 65 and it indicates that momentum may continue. I am expecting it to move on higher side, so recommending to buy with a stop loss of Rs 1,170 for immediate target of Rs 1,220 level.""We have positive view on TVS Motor Company. After a long consolidation, the stock managed to hold above Rs 300-303 zone and today OI is declining with price movement, which clearly indicates that the shorts are covering. The stock has given a strong consolidation breakout. So it can move towards Rs 318, one can buy it with a stop loss of Rs 300," he said."Apart from that we have a positive view on Dr Reddy's Laboratories. The stock has given a consolidation breakout after seven months of consolidation, it has potential to move towards Rs 3,420. One can buy with a stop loss of Rs 3,280.""Two option Calls for July series, one is Power Grid and second is DLF. Both the stocks are hitting towards new 52-week high territory. Power Grid is up by around 4-5 percent in the entire series. One can trade with 160 Call by keeping the stop loss of Rs 2.5 for target of Rs 9. DLF has seen the strong surge in last few trading sessions. Longs are intact and fresh short covering can take it to higher levels. Price pattern is quite interesting, one can buy 150 Call, keep the stop loss of Rs 3.5 and this Call can move towards Rs 10 in the next series," he added.