Buy TVS Motor, Dabur India; sell Bank of Baroda: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities told CNBC-TV18, "First trading call is a buy on TVS Motor. The stock is holding the gains and slowly and steadily moving upwards, holding the gains even after the market weakness. So, that indicates that strength is there and the stock has potential to head towards Rs 577 levels. So, one can buy with a stoploss of Rs 514."

"Second trade is from FMCG pack. On last trading session we have seen buying interest in Dabur, Colgate Palmolive, and Hindustan Unilever (HUL) is also holding the gains. So, that is the reason that I have selected Dabur. The stock is also expected to support trend line by holding Rs 278-279 kind of level. So, expecting this stock to head towards Rs 300 kind of level as unwinding starts to happen at higher strike. One can buy with a stoploss of Rs 279."

"The last trade is a sell on Bank of Baroda. On last trading session, we have seen built up of short position in most of the PSU banks and these stocks have broken their immediate weekly and daily support trend line. Bank of Baroda has seen the open interest addition of around 6-7 percent with sustained call writing at Rs 170-175 strike. So, expecting it to continue its downward move towards Rs 160. One can sell with a stoploss of Rs 172.50," he added.