Power Finance Corporation may test Rs 142-144: Hemant Thukral

Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money told CNBC-TV18, "We have selected three stocks for today. One is from the IT sector that is Hexaware Technologies. IT after rollovers have seen a significant buying coming in, in fact the Nifty IT, we feel it is heading towards 10,400 zone, good open interest added up and within that we have chosen Hexaware. There are two reasons. One, it has managed to cross Rs 200 which was acting as a resistance, fresh open interest of 10 percent added up. The stock should move towards Rs 212-215 - that's the next resistance zone and one can keep a stoploss of Rs 197.""The second stock is Power Finance Corporation (PFC). A new 52-week high, the stock has managed to cross; we have seen good open interest addition. We think that now the stock is heading towards Rs 142-144 zone and one can see a stoploss of Rs 128.""The third stock that we have selected is Hindustan Petroleum Corporation. It's a stock which has been outperforming the markets and one thing is sure that the stock has not corrected when the market has come down and when stock market has rebounded back; we have seen fresh open interest being added up and it is a stock where we see a target of Rs 475 to Rs 480 coming up very shortly. Six percent open interest has added up.""So Hindustan Petroleum Corporation (HPCL), Hexaware and PFC - these are the three stocks that we have selected for the long side trade.