Buy Bank of India, HDIL, India Cements, Raymond: Malkan

In CNBC-TV18's popular show Bull's Eye, Vishal Malkan of malkansview.com shares his trading strategies for the day.

One may buy Bank of India. After being hammered down in the last couple of weeks, it is showing some resilience and taking support at Rs 140 levels. For today I have a buy in the stock with a stop loss of Rs 145 for targets of Rs 154. One may buy Housing Development and Infrastructure (HDIL). It has been consolidating between the range of Rs 28 and Rs 32 since last one week and showing some momentum on volume on the upside. I recommend a buy with a stop loss of Rs 31 for targets of Rs 34. One can buy India Cements. The stock is forming higher tops higher bottoms in last couple of weeks and getting over the 20 day moving average on daily closing basis. For today I have a buy in the stock with a stop loss of Rs 49 for targets of Rs 53.50 One can buy Raymond. It has formed a double bottom at Rs 180 levels and bouncing from that level in the last couple of weeks showing some momentum on daily as well as hourly charts. For today I have a buy in the stock with a stop loss of Rs 195 for targets of Rs 207.