Hemant Thukral of Aditya Birla Money told CNBC-TV18, "We have chosen two stocks. One is Biocon, a midcap pharmaceutical which has been a complete outperformer and we see this outperformance on a continuous basis with the way the open interest (OI) added up on Friday; 10 percent fresh OI added up, the delivery volumes have spurt up because 41 lakh share volume in cash happened which is three times the average of last 15 days. So, clearly on both sides, the buying has been seen. We expect now Biocon to go up to Rs 1,050 and traders going long today and can keep a stop loss of Rs 975-980 from where it has given a fresh break out which will act as a support now." "The second stock is Power Finance Corporation (PFC). We are seeing fresh open interest added up by 3 percent. Definitely, long positions have been added up and what we see is that it was consolidating in a range technically between Rs 122-126. It has given a break out from that zone. So, now Rs 122 will act as a strong support. That should be the stop loss and in short-term we expect it to test Rs 134-135," he said."So, PFC and Biocon should be on radar for traders for two to three sessions on the long side."
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