Buy United Phosphorous, Divis Labs, Sun TV, Eros: Mirani

In CNBC-TV18's popular show Bull's Eye, Nooresh Mirani of AMSEC Research shares his trading strategies for the day.

One may buy United Phosphorous. The stock continues to look good with a target price of Rs 160-165 in the short-term and a longer-term target price at Rs 180-200. The stock has given a good triangle breakout and has been sustaining above the breakout levels. One can buy the stock with an intraday target price of Rs 160 and a stoploss at Rs 150.

One may buy Divis Laboratories. Yesterday the stock was a preemptive trade and on expected lines the stock has given a breakout above Rs 1,020-1,030 zones, confirming the breakout we may have an initial target price of Rs 1,090 in the day and a stoploss at R 1,015.

One may buy Sun TV Network. The stock has given a symmetrical triangle breakout above Rs 420 levels which gives a target price of Rs 490 in the short-term. The stock has seen good volumes yesterday. One can buy the stock in this momentum with an intraday target price of Rs 445 and a stoploss at Rs 420.

One may buy Eros International Media. The stock has given a flag breakout which has an initial projection at Rs 155 in the short-term. Given the breakout one can buy the stock at current levels with a stoploss at Rs 138 and an intraday target price of Rs 155.