Buy TCS, Bharat Electronics, Shriram Transport Finance: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "First trade is buy on TCS, we have seen buying in entire CNX IT Index and TCS has recently taken some support at its rising support trend line on the weekly chart. We have seen fresh Put writing at 2,600 strike and it has surpassed its 50-day exponential moving average. So, positive momentum could be seen towards Rs 2,735. One can buy with a stoploss of Rs 2,600."

He further added, "Second trade is buy on Bharat Electronics. The stock has seen a strong closing on the week-on-week basis. It has given the highest weekly close ever. It is holding the gains, it has formed a positive candle, longs are intact, expecting further short covering towards Rs 199-200. So, one can buy with a stoploss of Rs 183 for an upside move of 4-5 percent from current levels."

"Last trade is Shriram Transport Finance, we have positive view on the Bajaj Finance and the Shriram Transport Finance. Shriram is the strongest counter in the entire finance companies making higher tops higher bottom, trading at lifetime high and longs are intact. Expecting positive rollover to happen in the next series as well. So, one can buy with a stoploss of Rs 1,427 and the stock has potential towards Rs 1,540-1,545 kind of levels."