Buy Godrej, Lupin, Financial Tech: Parag Doctor

In CNBC-TV18's popular show Bull's Eye, Parag Doctor, Keynote Capital shares trading strategy of the day.

Godrej Industries has made a very strong base between Rs 220 and Rs 230 over the last several months which is well supported by the 200 DMA around Rs 223. The stock is now crossed the 50 DMA which is at Rs 242 and is headed higher to a recent high around Rs 254 and can be bought with a stop loss of Rs 242.

Lupin is part of the pharmaceutical sector which has been outperforming the broad indices in the recent times. The stock has closed to a new 52-week high and can be bought with a stop loss of Rs 579 and a target of Rs 604.

Financial Technologies has found support between the Rs 680 and Rs 690 levels from multiple moving averages that is the 100 and 200 DMA. The stock after a correction from about Rs 760 to Rs 680 now has started moving up and can be bought with a stop loss of Rs 694 and a target of Rs 724.

Zee Entertainment has been outperforming the broad indices and is close to its 52 week high. The stock is expected to outperform and can go to a target of around Rs 169 and can be bought with a stop loss of Rs 157.