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Sep 25, 2012, 12.50 PM IST
In CNBC-TV18's popular show Bull's Eye, Parag Doctor of Keynote Capital shares trading strategy of the day.
In CNBC-TV18's popular show Bull's Eye, Parag Doctor of Keynote Capital shares trading strategy of the day.
Buy Financial Technologies with a stop loss of Rs 895 and target of Rs 955. It has been in a steady uptrend over the last several weeks. The stock has broken out of the recent resistance which was there at Rs 925 levels and is headed higher to the 52 week high around Rs 955 levels. Buy Havells India with a stop loss of Rs 585 and target of Rs 645. Havells has made a new historic high and broken passed the recent resistance which was at the Rs 600 levels. The stock is a semi defensive stock and is headed higher to target around Rs 645 levels. Buy IndusInd Bank with a stop loss of Rs 336 and target of Rs 354. IndusInd Bank is part of the private sector banks which has been doing reasonably well in the recent bull rally. Sell Apollo Tyres with a stop loss of Rs 96.5 and target of Rs 90.50. Apollo Tyres has struggled to cross the resistance at Rs 100 which is proving to be a tough resistance. The stock is headed lower to target around Rs 90.5 levels.
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