Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
This week Kunal Bothra of LKP, Independent Technical Analyst Rakesh Gandhi and Pankaj Jain of Sunteck Wealthmax battle it out for top honours.
Kunal Bothra of LKP
Sell United Spirits with a target price of Rs 2250 and keep a stoploss at Rs 2500
Sell UPL for a target price of Rs 183 and keep a stoploss at Rs 190
Buy India Cements for a target price of Rs 53 and keep a stoploss at Rs 50.50
Buy Bank of India for a target price of Rs 194 and keep a stoploss at Rs 182.20
Disclaimer: He does not hold stocks discussed but may have recommended them to clients.
Independent Technical Analyst, Rakesh Gandhi
IRB Infrastructure has seen sharp recovery from low and has managed to sustain above three-day close, indicating momentum could continue. Hence buy for a day target price of Rs 76.5 and keep a stoploss at Rs 72.25
After almost seven months of consolidation, IOC is showing strength to start a higher top pattern if today sustains above Rs 232. Hence in anticipation of breakout the stock can be bought for a day target price of Rs 244.75 and keep a stoploss at Rs 232.75
Ipca Labs is likely to continue making new all-time high based on the price levels that is maintaining above Rs 800. There is strong possibility that it may see Rs 950 level in few months. Buy for a day target price of Rs 844 and keep a stoploss at Rs 805
LIC Housing Finance has seen distribution above Rs 200 and due to weakness it closed below its support of Rs 195 on Thursday. Chart patterns are indicating that stock may see level of Rs 175 in few weeks. Hence, sell for a today target price of Rs 187.1 and keep a stoploss at Rs 196
Disclaimer: He does not hold stocks discussed but may have recommended them to clients.
Pankaj Jain of Sunteck Wealthmax
Buy Marksans Pharma with a stoploss at Rs 17.60 and for a target price of Rs 18.85
Buy Aurobindo Pharma with a stoploss at Rs 447 and for a target price of Rs 468
Short Oriental Bank of Commerce with a stoploss at Rs 169.20 and for a target price of Rs 162.30
Short Bank of India with a stoploss at Rs 187.80 and target at Rs 178.50
Disclaimer: He does not hold stocks discussed but may have recommended them to clients.
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