In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.
Buy Unitech with a day target of Rs 41 and stop loss of Rs 37.50. All the real estate stocks have again come back on the radar and buying has been seen in all the stocks, but Unitech seems to be taking the lead as it has made a 52-week high and this momentum is likely to continue.
Buy SKS Microfinance with a day target of Rs 186 and stop loss of Rs 176. The company is likely to post its Q3 numbers with bottom-line in black and in anticipation of that the share has been seen in accumulation for last one month and every fall is seeing the renewed buying coming in into the stock and this trend is likely to continue in the near future.
Buy Pantaloon Retail with a day target of Rs 280 and stop loss of Rs 265. The stock has given a technical breakout by making 52-week high and renewed buying seen in the stock in the form of delivery based buying is indicating the positive future ahead.
Buy Voltas with a day target of Rs 113 and stop loss of Rs 107. Yesterday we have seen the value based buying coming in into the stock on the hopes of better working scene ahead and this has given a technical breakout on the stock and this trading interest is likely to continue for next couple of days.
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