Pick M&M, buy India Cements 100 Call: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We may see some positive sense in selective auto counters. In auto, pick Mahindra & Mahindra (M&M) which might see some outperformance. Although the stock has failed to cross immediate hurdle of Rs 1,400 zone but now the way it is finding support near to Rs 1,330-1,340 zone, it may again reclaim Rs 1,400 kind of level. So, in auto pack M&M might be a pick now after the outperformance of Tata Motors while Tata Motors may consolidate.""We have positive sense on selective cement counters like UltraTech Cement, Ambuja Cements and India Cements. Most of these stocks have added open interest of long position and India Cements also has crossed the multiple hurdle of Rs 100 zone. So, one can buy 100 Call for an upside target of Rs 7.5 which may double from current level," he said.