In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares her trading strategies for the day.
One can buy United Phosphorous. I am expecting improved performance from United Phosphorous. Last quarter its numbers were good and I expect this performance to continue in this quarter as well. So I buy this with a target of Rs 142 and stop loss at Rs 136.
One can buy Sun Pharma Advanced Research Company. This I buy with a target of Rs 142. We have seen a turnaround in Sun Pharma Advanced and it has returned into profitability. It is a very interestingly play stock. Though this is on the research side, it is in an interesting space again in such volatile markets. Sun Pharma Advanced is my next buy with a target of Rs 142.
One can buy UCO Bank. Four states have declared that they will issue bonds that will help the kind of debts that a lot of banks have with power companies. This is an added positive for banks like UCO Bank. I buy this with a target of Rs 71 and a stop loss at Rs 68.
One can buy LIC Housing Finance. Apart from the fact that this is a stock that has given good results quarter-on-quarter, this is a stock that I may buy with a longer term target closer to Rs 282 to Rs 290. For the day, I am buying with a target of Rs 233 and stop loss at Rs 225.50.
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