Buy Dish TV, Jubilant Food, Glenmark Pharma, NIIT: Chopra

In CNBC-TV18's popular show Bull's Eye, Manav Chopra of Nirmal Bang shares his trading strategies for the day.

One may buy Dish TV India. The stock has been in a short-term uptrend forming a series of higher highs and lows. Recently, the stock has managed to exceed its recent swing high, the big bullish candle accompanied by above average volumes. The stock has also managed to exceed its long-term averages, which has confirmed a medium-term trend reversal. The recent rise has accompanied by above average volumes which has also exceeded its 50 day moving average (DMA). It suggests that the stock is in a very strong momentum and the technical parameters are also indicating the same. One can maintain a buy, keep a stoploss of Rs 59 for an upside target of Rs 63. One may buy Jubilant Foodworks. This stock since past few trading session has been forming a series of minor higher bottoms and is nearing a crucial hurdles of Rs 1,350. The overall parameters and the technical structure is quite bullish as the stock is in a mean uptrend. Looking at the overall scenario we expect the stock to exceed its crucial hurdles of Rs 1,350. We recommend a buy in this stock with a stoploss of Rs 1,310 for an upside target of Rs 1,390. One may buy Glenmark Pharma. This stock has observed a sharp bounce from its recent lows and has managed to exceed the crucial hurdles of Rs 522 on the daily closing basis. The stock has also formed strong support areas around Rs 520 on the daily chart. Looking at the technical structure, we expect the stock to at least retrace 50 percent of its recent declines and the stock has also managed to give a positive crossover in the short-term moving averages. One can maintain a buy in the stock, keep a stoploss of Rs 519 for an upside target of Rs 540. One may buy NIIT. The stock after a short-term consolidation has managed to exceed its recent swing high and the breakout has accompanied by above average volumes. The stock has managed to give a sustained close above Rs 24 levels. Looking at the overall technical parameters charts, the momentum is likely to continue in this stock. The stock has also confirmed a medium-term trend reversal, which is quite bullish for the medium-term perspective. We expect the stock to observe a sharp rally. We maintain an upside target of Rs 27 and stoploss of Rs 23.80.