Buy India Cement, Yes Bank, HCL Tech: P Doctor

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

India Cements has been a laggard in the cement sector and is expected to catch up with the other outperforming stocks in the cement sector. The stock has made a bottom around the Rs 77-78 levels in the last few trading days and is expected to move to the 200 day average around the Rs 83 level and a stop loss for the trade being at Rs 76. Yes Bank is expected to move to a target of Rs 363 which is where the July high is located and can be bought with a stop loss of Rs 345. The stock has crossed the technical 100 DMA and is expected to move higher to a target of around Rs 363 levels. HCL Tech has been an outperformer in the IT sector and has moved up in the last few days with a strong gap in the daily charts and with tremendous volumes in both the F&O space as well as the cash markets. The stock is expected to clear the 52 week high which is at Rs 424 and reach a target of 529 with a stop loss for the trade being at Rs 509. Dabur India is the stock which is made a new 52 week closing high and is expected to continue upwards to its all time high around the Rs 123 levels. The FMCG sector has been doing very well and is expected to continue to outperform. The stock can be bought with a stop loss of Rs 115 and a target of Rs 123.