HomeNewsBusinessStocksBuy Sun TV, Havells, Jet Airways, TVS Motor: Chandan Taparia

Buy Sun TV, Havells, Jet Airways, TVS Motor: Chandan Taparia

Chandan Taparia of Anand Rathi Securities recommends buying Sun TV, Havells India, Jet Airways and TVS Motor.

July 29, 2016 / 15:09 IST
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Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have a positive view on Sun TV Network. Two times in last one year this stock failed to surpass the multiple hurdle of Rs 436-439 zone. But the way it has surpassed that level in last two trading sessions also added built up of long positions with better rollover activities indicating that positive move cannot be ruled out in the counter. We may see short covering activity, it has seen rollover of more than 80 percent. So, expecting it to move towards Rs 470 and one can buy with a stop loss of Rs 437.""Second trade is buy on Havells India. The stock is trading at its life time high territory. It has given a strong breakout by forming a positive price pattern. It has seen positive activity and the delivery volume is also indicating a positive sign. One can buy with a stop loss of Rs 383 for the upside immediate target of Rs 405," he said."Third trade is buy on Jet Airways. The stock has recently bottomed out near to Rs 550 zone and formed a positive price pattern by crossing its immediate hurdle of Rs 585. Because of the positive structure, the stock can continue its move towards Rs 645 and one can buy with a stop loss of Rs 595.""The next trade is from auto pack - TVS Motor Company. The stock has not performed and has been consolidating and fallen down by around 5 to 7 percent from higher level. However the fresh Put writing at lower strike and the multiple support near to Rs 285 and Rs 286 zone makes a positive view on the counter. So, it looks quite attractive in terms of risk reward ratio. That is why we are picking for the bottom facing approach for an upmove towards Rs 304 and suggesting to buy with a stop loss of Rs 288."

first published: Jul 29, 2016 03:09 pm

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