Go long on Dabur, Idea, Glenmark Pharma, Tata Global: Kapur

In CNBC-TV18's popular show Bull's Eye, Ashish Kapur of Investshoppe shares his trading strategies for the day.

One can go long on Dabur India with a target of Rs 165 and a stop loss at Rs 157. Although Dabur results have been by and large in line with estimates and we do not necessary think it is a great idea for investment at this point of view. But keeping in mind the nature of the market I think it is for short term trade. The best place to hide would be the defensive and FMCG space and to that extent, Dabur would be a good idea. The stock held out very firmly and to that extent a long here for the day trade makes sense and with that in mind we are suggesting a buy position with a target of Rs 165 for the day.
One may go long on Idea Cellular with a target of Rs 164 and stop loss at Rs 155. The entire telecom space is also on a good momentum and seems to be another place where at least traders can hide. Within the telecom space we like Idea because the company unlike some of its peers does not have any problem of any overhang of national operations or stretch balance sheet. The company enjoys very good cash flows from its operations. Clearly if one is expecting the telecom sector in India to start turning around then Idea would be a great place to go long on. Keeping that in mind we are suggesting a long here with a day target of Rs 164.
One may go long on Glenmark Pharma with a target of Rs 630 and a stop loss at Rs 594. Glenmark has been doing very well and going ahead we expect positive announcement both on its results as well as milestone achievement in the international market in particular the US market. The company in my opinion has very limited downside risk. Both from a trading as well as from an investment perspective it seems to be a good place to put your money in and for the day we are keeping a target of Rs 630.
One may go long on Tata Global Beverage with a target of Rs 162 and a stop loss at Rs 151.50. The company enjoys a very good business model. Along with tea they are present in various other beverages. The company is focusing a lot on new products and value added items to keep its margins intact. We quite like this both from long term investment perspective as well as from a short-term trading idea because it is again a defensive stock which does not get too effected by the economic conditions in the domestic market. Keeping that in mind suggesting a long here and with a days target at Rs 162.