Buy Divis Labs, UCO Bank, Zee Ent: Parag Doctor

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

Divis Laboratories has made a very strong long-term base around Rs 1000 levels and now has started a medium-term uptrend. The stock has crossed its 200 day average which is around Rs 1100 mark and is expected to head higher to a target of Rs 1175 and can be bought with a stop loss of Rs 1085. In the medium-term Divis Lab could go even towards Rs 1,250 level, which is a 52 week high for the stock. UCO Bank can be bought with a stop loss of Rs 72 and a target of Rs 78. The stock has crossed its 200 day average which is around the Rs 72 mark and has been an outperformer in the PSU banking space. The stock could be headed higher to around Rs 85 levels in the medium-term. Zee Entertainment has been making new 52 week highs after it go past its old resistance which was around the Rs 240 levels. The stock can be bought with a stop loss of Rs 243 and a target of Rs 255. In the medium-term Zee Entertainment could head even higher to around the Rs 265 to Rs 270 levels. Opto Circuits India has been an underperformer in the market and has been making new lows. The stock is headed lower to a target around Rs 47 levels and can be sold with a stop loss of Rs 53. In the medium-term Opto Circuits could retest its 52 weak low which is around Rs 43 levels.