Buy TCS 2450 Put, says Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Tata Consultancy Services (TCS) fell down after the weak corporate results, the stock has corrected from Rs 2,700 to Rs 2,400 odd level. After the recent bounce back moves, again we are witnessing some selling pressure. We are recommending to buy 2450 put with stop loss of around Rs 11 and this put can target to Rs 31."

At 12:42 hrs Tata Consultancy Services was quoting at Rs 2,473.70, down Rs 20.85, or 0.84 percent. It has touched an intraday high of Rs 2,494 and an intraday low of Rs 2,453.05.

Disclosure: Analyst has no personal holdings.