Go long in L&T, pick Hindalco, TV18 Broadcast: CA Rudramurthy BV

CA Rudramurthy BV of Vachana Investments told CNBC-TV18, "Larsen & Toubro (L&T) is consolidating in the range of Rs 1,130-1,150 and has given a clear breakout today above Rs 1,150. Above Rs 1,150, I see levels of Rs 1,270 to come for March series. It gives you a very good risk reward ratio also and looking for target of Rs 1,270, one can trade long on L&T, keeping a stop loss of Rs 1,130.""One has to also understand the move in Tata Steel that has been very huge and we have to try to pick some other stocks from the metal pack. Hindalco Industries and Vedanta look very good. I have picked up Hindalco Industries. Hindalco for March series can look at levels of Rs 82 and even Rs 85 and one can trade long on the stock keeping a stop loss of Rs 73," he said."TV18 Broadcast has a very long-term support at Rs 32-35 where even long-term investors can buy this stock for the portfolio. However, looking for a trading buy, TV18 has given a clear breakout above levels of Rs 35. Strong support emerges for this stock again at levels of Rs 35 which it is respecting continuously. For the March series, even we have seen built up in open interest and upmove. So TV18 for me is a buy, look for targets of Rs 40-42 keeping a strict stop loss of Rs 35 where it has given a breakout." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com