Buy Apollo Tyres, TV18 Broadcast, Jain Irrigation: Diwan

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

Buy Apollo Tyres. We have already seen the counter in great momentum. However, the numbers which are expected today during market hours could probably be beyond market expectations. So I am riding on that particular expectation and expecting it to be in a target of Rs 92 and stop loss of Rs 85.
Buy TV18 Broadcast. This company came out with its numbers yesterday however the numbers might be slightly disappointing but not so disappointing that they could make a dent in the stock price and the largest story here is still intact in the company being able to repay its huge debt and come out much stronger after this entire reconsolidation exercise. The target is of Rs 30.50 and a stop loss of Rs 26.50.
Buy Jain Irrigation. We have seen in the late hours of yesterday’s session the stock has started doing quite well. I believe the momentum would continue in line with expectation that the numbers and earnings could be fairly decent this time around. Jain Irrigation with a target price of Rs 71 and stop loss of Rs 65.
Short Wipro with a target of Rs 350 and stop loss of Rs 370. Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.