Buy Pantaloon Retail, Trent, AB Nuvo: Diwan

In CNBC-TV18's popular show Bull's Eye, Prakash Diwan, Prakash Diwan's Wealth Circle shares trading strategy of the day.

My first selection today is from the retail side, given the fact that this is a space that has seen tremendous amount of momentum, expect continuation of that and select Pantaloon Retail to go long on with a target price of Rs 259.50 and a stop of Rs 229.50.
My second pick is again from the retail side. Buy Shopper’s Stop with a long call with a target price of Rs 485 and a stop loss of Rs 450. Trent is one of the favourites in the retail space. I would give it a target price of Rs 1,345.
The fourth pick is not from retail but given the fact that the government has been able to get through with the FDI in retail vote, hopefully, even the insurance sector will see some sort of a reforms push and I am putting my bet on AB Nuvo. A stock that seems a momentum and I expect that to continue. Target price of Rs 1,145 and a stop loss of Rs 1,075.