In CNBC-TV18's popular show Bull's Eye, Nooresh Mirani of Analyse India shares his trading strategies for the day.
One can buy FDC. The stock has been in a range of somewhere closer to Rs 130 zone on the lower side and Rs 150 on the higher side. It has broken out above Rs 150 levels with very strong volumes. This indicates that the stock may head up higher over the next few months. So a medium term to longer term target price would be somewhere closer to Rs 200-250. A short term target price would be Rs 170 and stoploss at Rs 145.
One can buy HCL Infosystems. The stock has been in a strong uptrend for the last few months. It has broken into a new high above Rs 80 levels which was the previous top, which is an indication of a fresh momentum wherein we expect a target price of Rs 95 in the short term and a stoploss to be placed at Rs 77.
One can buy Gabriel India. The stock has broken out into new highs and we expect a target price of Rs 65 and a stoploss at Rs 54.
One can buy Shriram Transport Finance Corporation. The stock has given a triangle breakout above Rs 910-920 levels which has an immediate target implication of Rs 1,000 and maybe even higher up to Rs 1,100 also. We consider a buy at current levels with a stoploss at Rs 900 and a target price of Rs 1,000.
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