Buy Sun Pharma Advanced, sell LIC Housing: Subramanium

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

One may buy Sun Pharma Advanced Research Company (SPARC) for a target price of Rs 156 and a stoploss of Rs 143.50. Now SPARC is one of these premier license companies which has been doing well quarter after quarter. Belongs to the Sun Pharma, outlook going forward seems pretty bright.

One may sell LIC Housing Finance for a possible target of Rs 193 and a stoploss of Rs 208. We saw this financial sector showing very good momentum in the initial part of the November series, but severe unwinding seems to be taking place in these counters. LIC Housing Finance also has been one of them.

One may sell Century Textiles and Industries for a target price of Rs 257 and a stoploss of Rs 270. Century Textiles has seen some short built ups in the November series and going into expiry probably could weaken and therefore this selling recommendation.