Buy Tata Steel, Cipla: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "Entire metals space have done quite well from January till date and Tata Steel is one of the best performing stocks in that space. It is trading still at the near-term highs. So, the best way is if it breaks Rs 340 in the cash level but above that it is an opportunity to buy. So, I would buy 360 Call trading at around Rs 10 or so. So, keep a stop loss of Rs 7 and target of Rs 18 in Tata Steel.""Cipla has done quite well irrespective of the markets in last few sessions. The stock has been trading higher and the longs which were created has been continued in the stock. So, I feel slowly and steadily, this range of Rs 530 to Rs 550, it should be crossed and go to Rs 570 odd levels or so. So, I would buy Cipla with a stop loss of Rs 532 and target of Rs 570," he said.