See 3-4% upside in Sun TV; buy Bharti Airtel 330 Call: Taparia

Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities told CNBC-TV18, "Sun TV Network and selective tyre counters are adding build-up of long positions. Sun TV recently made double bottom near Rs 435 and because of price pattern, this rally can extend towards Rs 520-525 kind of levels while Apollo Tyres and Ceat have seen strong bounce back move added open interest, fresh Put writing is also been witnessed in the counter. So momentum may take Sun TV to 3-4 percent on the upside on immediate basis.""Bharti Airtel is a counter which has recently given the break out, it is also forming positive price pattern. Longs are intact and fresh Put writings are also seen. We are looking for targets towards Rs 335-337 zone. Traders can trade with 330 Call and expecting this Call to move towards Rs 15," he said.