Buy TV18 Broadcast, SAIL, Tata Motors (DVR): Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares her trading strategies for the day.

One may buy TV18 Broadcast with a target of Rs 18. There has been some news that there could be an increase in the FDI cap on broadcasting companies. TV18 is likely to benefit from that, so I buy it for the day with a target of Rs 18. (Disclaimer: Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.)

One may buy Steel Authority of India (SAIL) with a target of Rs 47. We have seen some resurgence in metal stocks in the past couple of weeks and this is a very under owned sector in the market, which is why there could be a further upside in almost all metal stocks. One can buy Tata Motors (DVR). This is the discount gap between Tata Motors and Tata Motors (DVR) has opened up quite a bit, so Tata Motors DVR is likely to do some amount of catch up. So I will buy the stock for the day with a target of Rs 149. One can buy Sun Pharma Advanced Research Company. After the kind of revenue gains that we saw in Sun Pharma Advanced, now the stock is poised for better things to come in the future. On the longer-term we can buy this stock with a target of Rs 135.