In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha, ITI Wealth Management shares trading strategy of the day.
Buy Tata Global Beverages. It came out with fairly good numbers however because the market has come down we have seen a bit of selling off the stock. It has reached a technical level of Rs 140 where it is likely to bounce back. The volume for this company is looking good. I believe the stock could move up to hit its target price of Rs 145.
Short UCO bank. It came out with disappointing numbers with an increase in its net NPA as well as gross NPAs and also there was a drop in the net interest margins. The stock selloff yesterday, I believe that selling will continue as we could see the stock moving down to hit its target of Rs 65.10.
Buy Reliance Capital with a target of Rs 475 and stop loss at Rs 458.
Buy LIC Housing Finance with a target of Rs 284.90 and stop loss at Rs 271.
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