Buy TVS Motor, Torrent Power, NMDC: Chandan Taparia

Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities told CNBC-TV18, "First trade is a buy on TVS Motor. The stock is holding the gains, supports are slightly shifting on the upside. In the last couple of trading sessions, we have seen open interest (OI) addition by 12-15 percent. So, recommending to go long with a stop loss of Rs 357 and look for target of Rs 385.""Second trade is from the power space - Torrent Power. Couple of weeks back, the stock made double bottom and now holding the gains, making higher tops, higher bottom formation. Here also longs are intact, so looking for target towards Rs 197, one can buy with a stop loss of Rs 182," he said."NMDC is a counter where I am looking at positive signs. Overall longs are intact, Put writing is being witnessed, so one can trade with 130 Call with a stop loss of Re 1 and this Call can move towards Rs 8."