Sell Exide; buy KEI Industries: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "In the early part of last series we did see that in Exide Industries there was building up around Rs 148-149. We did see the shorts getting pressed and in yesterday's downfall we saw some downfall. Today some shorts are getting created. So Rs 148-149 could be a hurdle for the counter. Therefore, we are advising selling of Exide Futures, keeping a target of Rs 136 and stop loss of Rs 149.""Adani Transmission is a recent listed counter, just six months of trading has taken place but we have seen the band changing now; this was moving in a band of Rs 32 to Rs 36-37. We have seen some sharp spike in volumes and it has broken passed Rs 37-38 and this happened on Friday but in yesterday's mayhem we did see some selling coming about but this is a stock we could see the outperforming the market and one could buy this with a stop loss of Rs 36 and target of Rs 44," he said."I have a buy on KEI Industries. It has been a stellar performer and has seen some good buying even on days when the market has seen some sharp corrections and yesterday we saw minor correction. Today the market has stabilised but still the stock manages to hold on. So a clear outperformer and we feel that the stock could advance to levels of Rs 127 but also advice keeping a stop loss of Rs 114."