Buy Siti Cable, Jai Corp, Punj Lloyd, Network 18: Mittal

In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal of Swadeshi Credits shares trading strategy of the day.

Buy Siti Cable with a target of Rs 28 and a stop loss of Rs 26. Siti Cable, which was formerly Wire and Wireless Limited, is a subsidiary of the Zee group and it has been steadily going up. The charts are looking good; it is consolidating at the mid Rs 20 level and seems to have broken out on Friday and that up movement should continue so it might be a good pick for today’s trading. Buy Jai Corp with a target of Rs 80 and a stop loss of Rs 75. Jai Corp is a diversified business house with forays into steel, plastic processing, processing yarn and it has recently acquired permission to build an integrated industrial township in Maharashtra, which should significantly see an upsurge in the stock. The stock did well on Friday and that upmove should continue today. Buy Punj Lloyd with a target of Rs 56.50 and a stop loss at Rs 53. Buy Network 18 Media & Investments with a target of Rs 41 and a stop loss at Rs 38. Moneycontrol.com is part of the Network18 Group.