Buy Yes Bank, Bharat Forge, Arvind, Hindalco: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are recommending a buy on Yes Bank. This stock has recently given a profit booking decline of around 300 points but taken support near to Rs 1,160. We are recommending to buy with a stop loss of Rs 1,197 for immediate target of Rs 1,260." "We have a positive view on selective auto and auto ancillary counter. I am recommending to go long on Bharat Forge. The stock is continuously making higher tops, higher bottom formation and longs are intact in the counter. We are expecting it to rally towards Rs 928 zone as it has seen a short covering activity. So, we are suggesting to buy with a stop loss of Rs 885," he said."Apart from that, we have two option trades and in that we are recommending to buy Arvind. Here I am expecting a fresh leg of rally and break out because of its holding above the level of Rs 335. We have seen fresh Put writing at 330 strike and now unwinding in 330 and 340 Call is giving clear sign of move towards Rs 350 zone. So, recommending to buy 330 Call by putting stop loss of Rs 5.50 for target of Rs 15." "We also have a positive view on Hindalco Industries. On last trading session, market was moving in a range but Hindalco and selective metal counters rallied well. So, I am expecting Hindalco to perform inline with the market movement. One can buy 150 Call with upside target towards Rs 8."