In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares his trading strategies for the day.
Sell HDIL with a target of Rs 39. It had pretty bad numbers and the cancellation by Mumbai International Airport Limited (MIAL) will hurt HDIL in days to come. We could be hearing some thing on the real estate. There is a note that has been spoken of which could be potentially quite negative for real estate as a sector so I think this is going to be a dampener for this sector as a whole and I sell into the weakness in HDIL and a sell with a target of Rs 39.
Buy Ashok Leyland with a target of Rs 24.25 and stop loss at Rs 23.25. Overall, all the negatives are in the price and I would expect this stock to rally upto Rs 27-28 kind of levels. For the day I am buying it with a target of Rs 24.25.
Buy Chambal Fertiliser with a target of Rs 46 and stop loss at Rs 44.
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