Sell Reliance Infra; go long in Tata Chemicals: Aditya Agarwal

Aditya Agarwal of Way2Wealth Securities told CNBC-TV18, "Reliance Infra saw a sharp correction from Rs 620 levels to Rs 380 levels and after that, the stock has retraced almost 50 percent. It made the high of Rs 515-520. Again, from those levels, we are seeing some long unwinding pressure and we are expecting that long unwinding pressure may continue for some more time. So, from current level, the stock is looking a little bit weak for short-term perspective. So, one can short sell keeping a target of Rs 475-472 on lower side and on higher side, stop loss will be Rs 508.""Tata Chemicals has given a good breakout above Rs 340 levels in the last week trading session and last week, we saw that the stock continued to trade above its breakout level of Rs 340 and today we are again seeing some fresh buying in it. So, from these levels, Tata Chemicals is looking good and we are expecting that the stock may test Rs 372-375 levels in short term perspective. So at current level, the stock is looking good to make long positions. With a stop loss of Rs 340, one can initiate long positions at current level or any decline can be used to make long positions with a target of Rs 372," he said.