Buy MCX India, Pantaloon,Tata Power: Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi, Fairwealth Securities shares trading strategy of the day.

Buy Multi Commodity Exchange of India (MCX India) with a target of Rs 1148 and a stop loss at Rs 1112. The recent SEBI development has been good news for MCX. I have in fact a longer term target of around Rs 1,300 on the stock but for the day I buy with a target of Rs 1148. Buy Sadbhav Engineering with a target of Rs 145 and a stoploss at Rs 138.50. This is a stock that I have been recommending over the past couple of months. I think that this will stand to benefit from the greater roll-out of road projects etc that we will see going ahead. Sadbhav Engineering is a name within the business and has a very good and strong track record of delivering projects before hand. We have a longer term target closer to Rs 180 on the stock for the day I buy it with a target of Rs 145. Buy Pantaloon Retail with a target of Rs 193 and a stop loss at Rs 185. We have been seeing good things from the stock with the kind of restructuring of debt programmed that they started and they seem to be very serious about proceeding with that so that is a big positive and the fact that possibly we could hear something on the FDI in retail. The beneficiary of this would be Pantaloon. Buy Tata Power with a target of Rs 102 and a stoploss at Rs 97.50. I would really keep because I would see a target of Rs 130 on the stock. Among the policy reforms that one should expect I think power would be a space which needs to be addressed on a very serious footing. Within that space Tata Power is a very good stock especially at this price. They have a couple of UMPP projects etc and we have been hearing that something could move faster on that as well as fresh UMPP projects being announced. All things put together Tata Power looks like a strong play at this point in time.