Buy Tata Chemicals, LIC Housing Finance: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Looking at the open interest and the rollover data we have selected to buy LIC Housing Finance and Tata Chemicals. Tata Chemicals is continuously making higher tops and higher bottom formation. It has rallied by around 8 to 10 percent recently and now trading at new life-time territory. The stock has seen rollover of more than 90 percent and open interest also has been added into the counter. It can head towards Rs 600 zone. One can buy with a stop loss of Rs 555.""Second trade is a buy on LIC Housing Finance. Recently, it has surpassed the immediate hurdle of Rs 565 and headed towards Rs 582 plus kind of zone. Overall, it looks quite attractive in terms of price momentum. We have seen the open interest addition and that is why the stock can continue its momentum on higher side. Here I am suggesting to buy 580 Call on a small decline, keep the stop loss of Rs 10 and expecting this Call to move towards Rs 20," he said.