Go long in BPCL; like Pidilite, PVR: Sacchitanand Uttekar

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "We like Bharat Petroleum Corporation (BPCL), the set up has been holding strong. If you look at the weekly setup, we saw a spike being developed a couple of weeks back and that has been holding the upward sloping channel very well. This particular move still has room on the upside and long calls can be initiated right now with a stop loss of Rs 865 for a trading move of around Rs 930." "The other stock that we like is Pidilite Industries. If we look at the overall structure, the stock has been sideways and we are seeing a fresh breakout in today’s session. The volumes have been good so far and we expect this particular breakout to push the stock higher towards the levels of around Rs 640 which would be the trading target and the stop loss can be placed at Rs 574," he said."We like PVR from the midcap space. If you look at the overall medium-term structure, the stock has been consolidating well. This consolidation seems mature now and the stopl loss can be placed at around Rs 810. We expect a breakout to come in soon which can push the stock higher towards Rs 930," he added.