Go long in Indiabulls Housing Finance: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have positive view on all the housing finance companies especially on Indiabulls Housing Finance. We have seen a selloff in broader market as Nifty corrected by more than 300 points from the higher levels but this stock is holding the gains building up long positions. Today itself it is heading open interest by around more than 10 percent which indicating that longs are heading the position for the next round of momentum.""We are recommending to go long on Indiabulls Housing Finance with a stop loss of Rs 720 and expecting an upside target towards Rs 780 to higher levels," he said.