Buy Opto Circuits, Aptech; sell IOC,ONGC: Krish Subramanium

In CNBC-TV18's popular show Bull's Eye, Krish Subramanium of Asit C Mehta Investment shares his trading strategies for the day.

Opto Circuits India can be bought for a target price of Rs 29.5 and a stop loss of Rs 26.50. The stock being the premier medical equipment company has seen some sluggishness in the last few years but it appears to be picking up growth in the coming quarters.

I have a buy call on Aptech for target price of Rs 91 and a possible stop loss of Rs 83.60. We have seen some buzz around education stocks and Aptech has also seen buying support emerging and therefore we feel that in the coming days its uptrend should continue.

I have a sell call on Indian Oil Corporation (IOC) for a target price of Rs 202 and a stop loss of Rs 219. We have seen in the recent announcement the way IOC stake is going to be sold to Oil and Natural Gas Corporation (ONGC) and there is going to be no lock-in period on the past of ONGC so that might see some sort of pressure coming on IOC as well though not immediately but we feel that the market could react negative to the news that has just come about.