In CNBC-TV18's popular show Bull's Eye, Kunal Bothra of LKP shares his trading strategies for the day.
I have a buy call on Bank of India where most of the banking stocks tried to test the previous low; this was one of the few stocks which manage to hold its ground. However, it closed almost positive yesterday. I believe that this stock could see a short-term upside till Rs 215-216 levels. My target for the day is Rs 215.
The second stock for the day is a sell on Titan Company. This stock has been drooling for the last couple of months. My sense is from a very short-term perspective and especially for today this stock could head towards Rs 206 levels which is my target and the stop loss which I have kept is just about the previous close around Rs 216.50.
The third stock for the day is a buy on Godrej Industries. Yesterday one saw a very aggressive buying happening in the stock, the volumes were also very strong also the fact that it is trading above the 50 day moving average lends this stock a very good short-term support. So, I believe that from a very short-term perspective one could see that bounce continuing in the stock and I have kept a target of Rs 290.
I have a buy on Aurobindo Pharma. This is a stellar run for Aurobindo right from the time it broke out a couple of months back and from thereon it is not looking back. Any correction is probably a buy into correction for Aurobindo. Yesterday also it managed to make a fresh swing high above Rs 434-435 odd levels. I have kept a target of Rs 447; stop loss for Aurobindo Pharma is Rs 434.
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