In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares trading strategy of the day.
Buy NHPC with a target of Rs 20.85 and a stop loss of Rs 20.25. After its recent big correction this is one stock in the midcap space that got oversold. The fundamentals are sound and everything else stands in good state so I think this stock has the ability to run up to Rs 23-24 levels.
Buy Hexaware with a target of Rs 91.95 and stop loss of Rs 89. We have seen a good run from a lot of the stocks within the midcap IT space and Hexaware would be one of the stocks on my buy list. This I buy with a longer term target of closer to Rs 112.
Buy Dish TV with a target of Rs 66.30 and a stop loss of Rs 64.90. The second round of digitization is underway, this is a bigger round were more towns will get covered and this is positive for all the stocks within this space so I am choosing one of them Dish TV.
Short Unitech with a target of Rs 27.25 and stop loss of Rs 28. Overall I don’t like the real estate space much and ahead of a big event there could be some volatility in this sector.
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