Buy Crompton Greaves, Godrej Ind, HDIL: Doctor

In CNBC-TV18's popular show Bull's Eye, Parag Doctor, Keynote Capital shares trading strategy of the day.

Buy Crompton Greaves with a stop loss of Rs 126 and a target of Rs 134. Crompton Greaves has crossed the long term 200 day average which is placed around Rs 125. The stock has made a strong base between Rs 110 and Rs 120 levels for the last 3-4 months. Buy Godrej Industries, the stop loss of Rs 283 and target of Rs 298. Godrej Industries has made a new 52 week high after breaking past the resistance which was there around Rs 280 to Rs 285 levels. The stock is headed higher to the immediate target of around Rs 298 levels and can be bought with a stop loss of Rs 283. Godrej Industries could be headed towards Rs 320 to Rs 325 in the medium term. Buy HDIL with a stop loss of Rs 89 and a target of Rs 98. HDIL has broken past the immediate resistance which was around the Rs 93 levels. HDIL has made a very strong base around the Rs 80 to Rs 85 levels, which is developed over the last several weeks. Sell Sterlite Industries with a stop loss of Rs 104 and a target of Rs 98. Sterlite Industries has failed to cross the 200 day moving average which is around the Rs 102 levels. The stock has been underperforming in the recent several months and is also part of the metal sector which has not been doing well.