Go long in Arvind, target of Rs 162: Ashish Chaturmohta

Ashish Chaturmohta of Fortune Equity Broker told CNBC-TV18, "Arvind is one stock which has seen very very strong rollovers in comparison to the last three months average. We have seen almost 30 lakh shares open interest in the rollover side in March series whereas it used to be in a range of 20-21 lakh shares."

"If the stock has been consolidating near its all-time high for a very very long time so that gives us a sense that there is a very strong possibility that we may see a crossovers beyond its all-time high. We expect the stock to target Rs 162 in next three to four trading sessions. One can initiate a long position keeping a stoploss below Rs 147," he added.