Buy IndusInd Bank, Escorts, Exide: Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of sharmilajoshi.com shares trading strategy of the day.

Buy IndusInd Bank with a target of Rs 380 and a stop loss at Rs 370. Post their last quarter numbers this is a stock in the private banking space that I have liked. I would give it longer term targets of Rs 425-430. For the day I buy it with a target of Rs 380. Buy Escorts with a slightly longer term target of Rs 85 but for the day I buy it with a target of Rs 63 and a stop loss at Rs 60. We have heard that they have launched a new line of tractors and overall at this price point the stock looks quite attractive so a buy with a target of Rs 63. Buy Exide with a target of Rs 145 and a stop loss at Rs 138.50. This stock corrected significantly post its quarter earnings though the earnings were very strong market had slightly heightened expectations from the stock but given all things buying should return to the stock when market acknowledges the excellent performance that they have had. So I would see the stock going back to Rs 160-165 levels but for the day I would buy it with a target of Rs 145. Short Pantaloon Retail November future with a target of Rs 174