Sell Opto Circuits, Suzlon Energy, Union Bank: Tulsian

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

Buy Godrej Industries with a day target of Rs 317 and stop loss of Rs 305. This company has posted good Q3 numbers including the exceptional item and because of that the share is witnessing renewed buying interest and this trend is likely to continue for the day also and hence a buy call.
Short Opto Circuits with a day target of Rs 67 and stop loss of Rs 70. The rising debt in the books of the company and the concerns on the corporate governance are continuing in the market and because of that the delivery based selling as well as the fresh shorts are seen getting created in the stock which is likely to keep the present trend of the stock weak for the day and hence a sell call.
Sell Suzlon Energy with a day target of Rs 24.50 and stop loss of Rs 26. After having seen a good run up of more than 35 percent in last one week the stock is now witnessing profit booking because there are no fresh triggers lined up in the company in the near-term and the profit booking if made now can make the stock to correct to Rs 22-23 where the renewed buying may come in and hence profit booking is advised at the current level with short call.
Short Union Bank Feb Futures with a target of Rs 226 and a stop loss at Rs 235.