Buy HDIL, Arvind, Raymond, Muthoot Finance: Malkan

In CNBC-TV18's popular show Bull's Eye, Vishal Malkan of malkansview.com shares his trading strategies for the day.

One may buy Housing Development and Infrastructure (HDIL) as it has been consolidating between Rs 38 and Rs 42 in the last two weeks and yesterday it has closed above Rs 42 on closing basis as well as the momentum is good and volumes are good. I recommend a buy with targets of Rs 44.75 One may buy Arvind as it has gone from a long-term support of Rs 69-70 to around Rs 75-76 yesterday on a closing basis, closing above 20 days simple moving average. I recommend a buy with a stop of Rs 75 for target of Rs 80. One may buy Raymond. After consolidating between Rs 230-245 for last several days it has managed to close above the resistance of Rs 245 on closing basis, closing above 20 days simple moving average, some volumes on daily chart and momentum is good on hourly chart. Yesterday it showed some good volumes. I recommend a buy for targets of Rs 258. One may buy Muthoot Finance with a stoploss of Rs 99.50 for targets of Rs 106.