In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal of Swadeshi Credits shares his trading strategies for the day.
Buy Aptech with a target of Rs 59 and a stop loss of Rs 54. Aptech soars almost 15 percent in yesterday’s trade due to talks of buyback by the company and if that is true then this stock should do well in today’s trade as well.
Short Reliance Communications with a target of Rs 106 and a stop loss of Rs 111. RComm has had a phenomenal run in the last few weeks and it seems to have stabilised at this level and seems to have some profit booking going on. It is purely a very short-term call for a few percentage points gain.
Siemens has seen a decent pullback after a very bad run and I think the capital goods space might be finding value buyers at this level and Siemens should continue to do well in today’s trade as well.
Buy Praj Industries with a target of Rs 40 and a stop loss at Rs 37.50.
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