Buy OnMobile, Dena Bank, Unitech: Saurabh Mittal

In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal of Swadeshi Credits shares trading strategy of the day.
 
Buy OnMobile Global with a target of Rs 52 and a stop loss of Rs 47. OnMobile Global is a mobile application developer who debuted not too long back and then had a share of problems. The stock has fallen almost 80 percent from its highs. There were talks about the CEO defrauding the company but the CEO has changed. The company is turning around. We have seen some good moves on the stock recently and I hope and expect that this momentum will continue in the short-term.
 
Buy Dena Bank with a target of Rs 123 and stop loss of Rs 118. Banking stocks have seen a steady upmove in the last few trading sessions given the world scenario and given the resolving of the fiscal cliff problem in the US and the banking sector in India looking strong and given that the Reserve Bank of India (RBI) could reduce rates in the near future looks for all the banks to be doing better from here.
 
Buy Unitech with a target of Rs 36 and a stop loss of Rs 34. Unitech has also shown a little bit of downturn after it had rallied and then again has started picking up again. So real estate stocks have shown some sort of strength in the last couple of trading sessions. So this is more of a technical call and a short-term gain.