Go long in Wockhardt, says Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "Wockhardt is a new entrant in the F&O space and I think the stock has broken out afresh on the charts. It has cleared resistance at around Rs 850 and is now trading at Rs 862 levels. We have seen big volume build-up and the stock can get to Rs 875-880, one should initiate long position at the current level."

At 13:42 hrs Wockhardt was quoting at Rs 858.80, up Rs 15.20, or 1.80 percent. It has touched an intraday high of Rs 865 and an intraday low of Rs 834.20.