Buy JSW Steel, Syndicate Bank, KPIT Tech, YES Bank: Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Fairwealth Securities shares her trading strategies for the day.

One may buy JSW Steel with a target of Rs 827 with a stoploss of Rs 804. The recent weakness in rupee has meant that JSW Steel has been able to focus better on their exports and we have raised the target there. Their steel output is also up for the second quarter. Also as we get greater clarity on mining in Karnataka things will improve for JSW Steel. I would have a longer term buy on the stock but today I will really buy it because we are seeing buying coming back into high beta stocks and within this space I like JSW Steel. One may buy Syndicate Bank with a target of Rs 76.50 and a stoploss of Rs 74. I have a slightly medium term target of about Rs 81 for the stock. Overall this stock is trading at a discount to its book value and once again we are in an environment where we are seeing some amount of buying return to banking as a space so within the PSU banks Syndicate bank would be a bank I like. I will buy it with a target of Rs 76.50. One may buy KPIT Technologies. IT has been another strong performer as a sector and KPIT is likely to declare its results this week. We have seen KPIT really go from strength to strength and I expect that strong performance to continue in this quarter as well. I will buy it with a target of Rs 146. One may buy YES Bank with a target of Rs 354. It still has some amount of catch up to do with the rest of the private banking space simply because we saw the correction on YES Bank for reasons other than the overall negative environment in which all the private banking space had corrected. So I would expect YES Bank to rally back to levels closer to Rs 380 and then take it from there in terms of how the bank does with respect to numbers.