Go long in BPCL, target Rs 933: Chandan Taparia

Chandan Taparia, Derivative & Technical Analyst, Anand Rathi Securities told CNBC-TV18, "We are positive on Dabur India. The stock has taken multiple support near to Rs 260-262 zone and holding the gains even after the market weakness. We are seeing short covering in the counter, we are suggesting to go long on Dabur with a stop loss of Rs 260 for the upside target of Rs 280.""The other trading idea is a buy on Bharat Petroleum Corporation Limited (BPCL). We have seen sustained buying in most of the oil marketing companies. BPCL has taken multiple support near to Rs 880 zone and also holding the 150-day moving average (DMA). Although the stock has been consolidating from last 3-4 weeks but the way it has taken support, we are expecting momentum to higher levels. So, recommending to go long on BPCL with a stop loss of Rs 878 for the upside target of Rs 933," he said.