Max Financial Services may touch Rs 630: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "We have chosen Max Financial Services on basis of the rollovers. The way the 42 percent positions have been rolled, yesterday again 6 percent open interest addition now out of that 6 percent, 4.5 percent is in July series itself. The premiums have moved up, so that means the long positions have been entered."

"The stock is forming a bottom around Rs 600 zones, so, we have kept a tighter stoploss Rs 606 and a target of Rs 630. The only caveat that we want to give here is that stock is denominated by lot of news which keeps on coming. So, one has to keep that stoploss in mind."