Short Bharat Forge; go long in Apollo Hospitals: Navneet Daga

Navneet Daga of IIFL told CNBC-TV18, "I will look to go short on Bharat Forge at the current market price of somewhere near to Rs 820 odd levels. The stock has seen a lot of open interest and has gone up. So, to my understanding this is a more short covering move and it can retrace back towards the levels of Rs 770. So, with the stop loss of Rs 836, I will go short on Bharat Forge at this point in time.""On my buy list, Apollo Hospitals is the stock which has seen a very good breakout on the higher side and we have seen volume build up as well as on the Futures and Options side, the long build up has been seen. So, with a target of Rs 1,500 and with a stop loss somewhere near to Rs 1,390, to be more precise on the lower side, I will go long on Apollo Hospitals," he added.