Go long in Tata Chemicals, target Rs 440: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "I would recommend going long on Tata Chemicals Futures. The immediate targets would be Rs 440 which if it sustains can lead to levels of Rs 475-480; probably not in this series but in next series. You may see stock showing a movement similar to what UPL has shown in last few days. Consistent longs are seen getting built, it has been off the radar for a lot many people but all this while it has been accumulating good amount of long positions. The options have also started seeing incremental action and that is also is very positive for the stock.""I would recommend going long in Tata Chemicals. One can have a stop loss of Rs 414 and go long on the stock," he added.