In CNBC-TV18's popular show Bull's Eye, Rakesh Bansal of RK Global shares trading strategy of the day.
One can buy Adani Ports. The stock has made a good base at around Rs 300 levels. I feel Rs 300 is a good base for the stock for short-term. I feel Adani Ports can rally to Rs 350 plus levels in next 15-20 days although my target is Rs 338 and stop loss is Rs 315.
Dish TV has made a good base at around Rs 100. The stock is making higher tops, higher bottom. It has demonstrated a positive crossover of the momentum indicators. I feel one can buy Dish TV for short-term with a target price of Rs 114 and place a stop loss at Rs 103.90.
Anant Raj has made a good base at around Rs 35-36, the stock has made a double bottom at around Rs 36 levels. It has demonstrated an excellent breakout above Rs 40 levels. This breakout is a price volume breakout, I feel in short-term the stock can demonstrate a excellent strong rally. I have a targets of Rs 44.50 on upside and stop loss on the downside is Rs 39.
One can buy United Spirits. The stock has demonstrated a positive crossover over the momentum indicators; it is more of a defensive play. In this volatile market, I feel United Spirits can demonstrate a rally to around Rs 3.,640-3,650 levels although my target on the upside is Rs 3,640 and stop loss at around Rs 3,300 on the downside.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
