Buy Hathway Cable; sell Syndicate Bank, Adani Ports:D Cunha

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of ITI Wealth Management shares his trading strategies for the day.

One can buy Hathway Cable with a target price of Rs 313. The stock is going to significantly benefit from digitization process which is under way. Even from a long-term perspective this signals a good entry point into the stock. The stock seems to have significant support at this Rs 255 level and I would expect that it could see a bounce back given the general market conditions from these levels to the target price of Rs 266.
One can buy Godrej Consumer Products with a target price of Rs 900. It has come out with very good quarterly numbers. The stock was up in the previous trading session and I believe the upward momentum would continue in line with the market trend as well as expectations on results. I see the buying to get accelerated a bit further and could take this stock to its target price of Rs 900.
One can sell Adani Ports and Special Economic Zone August futures with a target price of Rs 120.5 and a stop loss at Rs 128.5.
One can sell Syndicate Bank August futures with a target of Rs 71.80.