Buy Voltas, Federal Bank: Hemant Thukral

Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money told CNBC-TV18, "Its midcaps everywhere. In Voltas, the way the open interest added up, around 10 percent open interest being added, important was that the cost was increasing in the next month's Futures, suggesting that fresh long open interest is being built-up. Technically, it has given a break out, so we are expecting the stock now to move towards Rs 394-398 zone, keeping a stop loss of Rs 374." "The other stock is Federal Bank. However, within the banking pack, we feel that this stock is one which has underplayed all other stocks on Friday and finally we saw some open interest being built-up, 11 percent got added up. Now, with a tight stop loss of Rs 65, we feel that it is heading towards Rs 68-69 and that is the target we are working out with. So, both are midcaps in the top picks today," he said.