Buy Chambal Fertilisers, Dabur India, Idea Cellular: Doctor

In CNBC-TV18's popular show Bull's Eye, Parag Doctor of Keynote Capital shares his trading strategies for the day.

Chambal Fertilisers and Chemicals has formed a double bottom around the Rs 46 area and now has started a short-term uptrend. The stock can be bought with a stop loss of Rs 46 and an immediate target of Rs 50. In the medium term the bottoming formation could lead to higher levels around Rs 52-53 levels for Chambal Fertilisers. Dabur India has been making new historic highs in the recent past. The stock has been an outperformer in the midcap FMCG space and is expected to move higher to an immediate target around Rs 168 and can be bought with a stop loss of Rs 158. Dabur is a good portfolio pick for the long-term and could be expected to head higher towards Rs 180 in the next few months. Idea Cellular has pulled back after a breakout from Rs 125 which was made last month. The stock is again available around those levels and can be bought with a stop loss of Rs 123 and an immediate target of Rs 132. The stock could head higher in the medium term to test its 52 week high around Rs 137. If that is exceeded we could head higher to around Rs 145 levels. Titan Industries has been exhibiting strong upward momentum and has broken past the recent high around the Rs 286 levels. The stock can be bought with a stop loss of Rs 280 and immediate target around Rs 300. The stock could head higher towards Rs 313 mark which is a 52 week high in the medium term.