Buy 20 Microns, Sun TV, Polaris Fin: Cunha

In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of ITI Wealth Management shares trading strategy of the day.

20 Microns has recently announced a stock split and normally before stock split you see the stock moving up. We have seen it moving up on good volumes and have bounced back from the 50 day moving average. So, given that technical position you will also see the stock has got strength and should move up to hit the target price of Rs 155.
Buy Sun TV Network with a target price of Rs 435. Technically Sun TV has broken out after a minor correction and from now onwards we could see it moving up inline with the rising volumes and could hit its target price of Rs 435.
 
Buy Polaris Financial. The stock has been moving up on good volumes over the last few weeks and we have now seen it broken out beyond trend and you can see it moving up thereafter to hit its target price of Rs 144.
Sell LIC Housing Finance. After hitting its peak of Rs 298 LIC Housing has been continuously falling and the stock looks weak on the charts as well as it is falling with higher volumes. We could see the trend momentum picking up and it could move downwards to hit his target price of Rs 270.