Buy Voltas, Jet Airways, IOC; sell Biocon: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "My first recommendation would be a buy on Voltas. The stock has seen a good amount of long positions in the last couple of trading sessions; 300 Call option had the highest concentration. The stock is well above these levels. The next targets would be Rs 320-325. So, one can have a stop loss of Rs 304 and go long into the Voltas Futures.""Second stock would be a buy on Jet Airways Futures. It has been accumulating good amount of long positions on a consistent basis. It has not been seeing aggressive longs but the fact that consistent longs are getting built and it has been forming a sort of base at Rs 615-620 levels, it has been making a good case for a much higher upside. The stock has already moved. Somebody is buying at these levels. One can have a stop loss of Rs Rs 638 and play for targets of Rs 700," he added. "Third recommendation would be a buy on Indian Oil Corporation (IOC) Futures. The stock has been adding long positions consistently. We have seen oil marketing companies move in a fantastic manner. So it has yet to give that sort of move. One can have a stop loss of Rs 412 and play for targets of Rs 435." "Final recommendation would be a sell on Biocon Futures. The stock has seen a good amount of move, significant longs were seen getting built. But a stock that has seen good move along with long positions, generally leads to a case of a long unwinding which we have seen in the last 2-3 trading sessions. One can have a stop loss of Rs 618 and go short in this stock. One can have a target of Rs 595," he said.