Buy Fresenius Kabi, Videocon Ind, Karnataka Bank: Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.

Buy Fresenius Kabi with a day target of Rs 132 and stop loss of Rs 123. This multinational company makers of the cancer drugs is seeing the value buying at the lower level by the informed circle on anticipation of the good turnaround in the working of the company in FY14 and this trend of buying is likely to continue and hence a buy call.
Buy Videocon Industries with a day target of Rs 218 and stop loss at Rs 208. The company is likely to announce the sale of its stake in the overseas oil and gas blocks held by the company to the extent of 10 percent and this announcement is likely to be made in the next couple of days and on hopes of that the buying is likely to emerge and hence a buy call.
Buy Karnataka Bank with a day target of Rs 142 and stop loss of Rs 134. The stock is seeing renewed buying interest on hopes of the merger and amalgamation play in the time to come and the delivery based buying has been seen in the stock happening for the last couple of days and the same trend is likely to continue for sometime and hence a buy call
Buy IFCI with a day target of Rs 28.50 and stop loss of rs 27.20. The stock is seeing again buying from informed circle as a trading stock for the near-term gain of about 10 percent and in anticipation of that the buying is advised at the current level.