Buy Asian Paints, Divis Labs, Idea Cellular, DHFL: Malkan

In CNBC-TV18's popular show Bull's Eye, Meghana Malkan of malkansview.com shares her trading strategies for the day.

One may buy Asian Paints. The stock has been trading into an all time high zone. The recent dip has brought it to an important support zone of Rs 500 levels. I would recommend a buy with a stoploss of Rs 510 for a higher target of Rs 540. One may buy Divis Laboratories. The sharp dip in the stock last week has brought it to halt around Rs 960 levels which is the previous support area and on this level it has formed bullish candle stick pattern yesterday with above average volumes. I would recommend a buy with a stoploss of Rs 980 for a higher target of Rs 1010. One may buy Idea Cellular. The stock has formed a bullish candlestick pattern yesterday. The volumes have been good. Momentum indicators are also at important support levels, so I would recommend a buy with a stoploss of Rs 167 for a higher target of Rs 174.50. One may buy Dewan Housing Finance Corporation (DHFL). The stock has been in a good up trend since the last 15 days. Moreover, the recent dip has brought in to the change in levels of around Rs 140. There have been very dry volumes on the decline, so I would recommend a buy with a stoploss of Rs 146 for higher target of Rs 157.