Buy MTNL, Indian Hotel: Parag Doctor

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

Buy MTNL with a stop loss of Rs 33 and a target of Rs 37. MTNL is in a strong momentum on the upside and has broken past historical resistance which was around Rs 34 levels. The stock has showed very good volumes in open interest in the last few trading days and is headed higher to a target of Rs 37. Buy Indian Hotels with a stop loss at Rs 61.50 and a target of Rs 65. Indian Hotel has broken past the long-term 200 day average and has signaled a long uptrend. The stock is headed to a recent resistance of around Rs 65 levels and can be bought with a stop loss of Rs 61.50 Sell Bharti Airtel with a stop loss of Rs 256 and target of Rs 242. The stock has broken past its historical long-term support around the Rs 250 levels and has made a new 52 week low. The stock is part of the under performing telecom sector and has been doing worst than the markets Sell HDIL with a stop loss of Rs 82.50 and target of Rs 76. HDIL has made a lower top formation on the charts and is looking weak after breaking down below the 200 day average and 50 day moving average.