Buy TVS Motor, Bata, Motherson Sumi; sell Asian Paints: Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have a positive view on TVS Motor. In fact we are recommending the stock from last couple of trading sessions. Recently it has managed to take support near Rs 295-294 kind of zone and given the break out above Rs 305 levels, the stock has added open interest (OI) by around 7-8 percent which clearly indicates that longs are adding positions into the counter. I am expecting it to move towards Rs 320-322 kind of levels and suggesting buy on any small decline with a stop loss of around Rs 303.""Second trade is buy on Bata India. The stock has made double bottom near to Rs 520 zone and has been moving upwards from last two trading sessions. Earlier, the stock has seen a profit booking decline from Rs 616 to Rs 520 levels and I think now at current level, it looks quite attractive in terms of risk reward ratio as a trading bet. Recommending to buy with a stop loss of Rs 532 for target of Rs 565 kind of levels," he said."Third trade is buy on Motherson Sumi. The stock has made a positive price pattern, adding built up of long position and has managed to surpass the immediate hurdle of Rs 324 kind of zone. Looks attractive in terms of risk reward ratio and I am expecting the short covering to come into the counter. Earlier it was taking support near Rs 310-315 zone and now I am expecting the same support work for the counter. Recommending to buy with a stop loss of Rs 380, for a target of Rs 340.""The last trade is sell on Asian Paints. The stock has been witnessing sustained selling near to Rs 1,150-1,165 zone and broken the immediate support of Rs 1,135-1,140 zone. So, till it remains below the support, the stock may see a profit booking decline although it is not aggressive trading call but expecting a profit booking decline towards Rs 1,080. So recommending to sell with a stop loss of Rs 1,150," he added.