Go long in LIC Housing Finance: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are continuously positive on LIC Housing Finance. The stock is making higher top higher bottom formation. Moving after the consolidation of last five trading sessions it has given the highest daily closing and set to move towards Rs 520. We are recommending to go long, keep the stoploss near to Rs 482 and trade for the upside."

"Rural Electrification Corporation Limited (REC) was just consolidating and moving after the consolidation, but even after consolidation it is adding built up of long positions which is indicating an early sign of the upside movement. We are expecting this stock to move towards Rs 340 on the higher side, so one can trade with a stoploss of Rs 318 for the target of Rs 340," he said.