Buy BF Utilities, Kolte-Patil, Reliance Infra: Bothra

In CNBC-TV18's popular show Bull's Eye, Kunal Bothra of LKP shares his trading strategies for the day.

One can buy BF Utilities with a price target of Rs 176 and a stoploss of Rs 165. The stock for the last three days has been fulfilling three important criteria which we look at in terms of technicals, the price volume and momentum indicators. It broke out of its sideways range and has crossed that Rs 155-157 range on the upside, it is trading above that since yesterday. In terms of volumes the last three days have seen some very strong volumes happening which is a good sign for the stock. One may buy Kolte-Patil Developers with a price target of Rs 76 and a stoploss of Rs 70. In the last three months right from the month of August where it made a low of Rs 48, It is a good sign building up for the stock especially from a short-term view it has already broken that swing high and has crossed that cushion of Rs 70 yesterday. So in terms of short-term timeframe one can look at a target of Rs 76 which is my target for today. One may buy Reliance Infrastructure. The stock maintained its positive momentum and also sustained it throughout the day. It managed to close just around the high of the day which is again a good sign going into the morning today. So I believe the stock could see upward potential above that 200 day moving average which could invite further longs into the stock. Target for today is Rs 415 and stoploss is at Rs 397. One can buy Rajesh Exports. It managed to touch that 50 day moving average which was around Rs 99 and just touched Rs 100 yesterday. It is a good sign building up for an extremely short-term time frame only. Looking at the strong volumes which happened in yesterday's trade the momentum could continue for a couple of days more. I am looking at a target of Rs 103 and stoploss at Rs 96.