Go long in Dabur, BPCL, Wockhardt: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have seen sustained buying in select counters even after the market is not heading towards 8,000 level. So overall we have positive sense and the Bank Nifty holding 150 day moving average." "We have positive view on select FMCG counters especially Dabur India, Hindustan Unilever (HUL) and ITC. Dabur has multiple support near Rs 260 zone and that support is working well for last 12-15 weeks. Recently it has taken support near Rs 260 zone and now the support is shifting to Rs 272-274 zone. The stock is holding above its 50-day moving average and build-up of long position. In the last series we have seen positive rollover with roll cost," he said."It indicates that the momentum may continue. So we are recommending to go long on Dabur with a stop loss of Rs 272 for the upside target towards Rs 293.""We have seen sustained buying in most of the oil marketing companies. Indian Oil Corporation (IOC) has given breakout, Hindustan Petroleum Corporation (HPCL) has seen decent move and now BPCL is all set to give the fresh breakout after the long consolidation of last 10-12 weeks. The stock has added build-up of long position and we are expecting BPCL to catch the momentum inline with IOC and HPCL. That is the reason we are recommending to go long here, keep the stop loss near Rs 905 for the upside potential target of Rs 950.""Wockhardt is holding the gains from last couple of trading sessions. The stock has given upside breakout and trading near high of last four series. It has seen better rollover and now fresh longs again adding in the counter. So we are recommending going long on Wockhardt. It has support near Rs 1,650. So I am suggesting to keep the stop loss of Rs 1,650 for the upside target of Rs 1,770."