Hemant Thukral of Aditya Birla Money suggested, "Two stocks that we have picked up today are on basis of open interest (OI) and cash volumes. First is Dish TV. Media stocks have been seeing some buying coming in but we like Dish TV because 11 percent OI is added up. We are also more interested because the way 80 Call writers have been pushed towards Rs 85 and Rs 90 levels. It clearly tells that there is more room for this stock to move up. So anyone who is going long should keep a stop loss of Rs 80 and we have a target of Rs 86 in next two-three sessions."
"Second one is Motherson Sumi Systems. This stock has seen 3 percent open interest added up. More importantly, the cash volumes moved up along with the delivery volume. So both long positions on the F&O and some cash buying is seen and we expect the stock now to take support at Rs 320. So that is where it has given a technical breakout from. So that will become a stop loss and immediate target that we see is Rs 335. Again the target time will be not more than not more than 2-3 trading sessions," he said.
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