Buy HUL, Granules India: Pankaj Jain

In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.

Buy Hindustan Unilever with stop loss at Rs 518, target price of Rs 539.75. There is no better and safer alternative than Hindustan Lever. The performance of the company has been exceedingly well and the concerns regarding poor monsoons are also receding very fast. Buy Granules India with stoploss at Rs 163.25, target price of Rs 175.90. Short IFCI with stop loss at Rs 27.70, target price of Rs 26.55 for the day. Southward side for the stock is not over and the stock could see levels closer to Rs 20 in coming month or so. Short Maruti Suzuki. After last week the kind of short covering we had seen in this stock post reopening of Manesar plant I think that short covering bout is over now.