Maruti good trading pick, buy Arvind: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Maruti Suzuki has been a complete outperformer. The way the things are moving up, I see it completely outperforming auto stocks. Auto did see a big open interest addition but purely on the strength basis of Maruti we have chosen it. I have a feeling that the stock is heading towards Rs 4,000-4,025 mark which is the next resistance point. I would like to keep a stop loss of Rs 3,880 on the same. The way 6 percent open interest (OI) has added up again, seeing the rollovers also next month, I think this becomes a good trading pick."

"I have picked Arvind on the midcap front. Arvind has formed a base now around that Rs 235-238 mark and now it is heading towards Rs 248-250. So, clearly the traders have a buying opportunity here. We are looking at a very short-term target of Rs 248-250 and I would like to keep a stop loss in that zone of Rs 235-238 for the traders," he said.