Buy Voltas; sell Indiabulls Real Estate: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "One can buy Voltas, the stock has been trending up over the last few months and looking at the kind of chart formation offlate as well especially on the hourly chart, there seems to be some movement of support happening for Voltas at current level. So, I believe keeping a stop loss of Rs 274 one could look at a trading opportunity especially a bounce from that support trend line. I would look for a target of Rs 292 on Voltas."

"Indiabulls Real Estate is a positional sell. If you look at the weekly charts or even the monthly charts, there has been a significant break below the swing supports. The fact that the stock has already broken Rs 60, it could head down to Rs 52. So, I would keep a stop loss of Rs 63 and look for a target of Rs 52 in the next one to two months," he said.