Strides Arcolab may test Rs 1135-1140: Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "I did see open interest being buildup in Strides Arcolab and buying coming back. Wockhardt and Strides Arcolab saw huge cut in positions in the last series. Now they have started seeing some buying coming back and one can see the open interest being buildup on the back of trading interest coming back. The stock now has gone up above Rs 1,040-1,050 which was acting as a slight resistance on the technical side. So one can keep a stop loss of Rs 1,030 and a target of around Rs 1,135-1,140, which is the next resistance band.""If supportive buying continues then in the next two-three trading sessions we may see both Strides Arcolab and Wockhardt outperforming. We have chosen Strides Arcolab because of the open interest that we saw on Friday," he said.