In CNBC-TV18's popular show Bull's Eye, Krish Subramanium of Asit C Mehta Investment shares his trading strategies for the day.
One may buy TV Today Network for a target price of Rs 123 and a stoploss of Rs 109. We have seen the media stocks showing lot of buying interest and TV Today after seeing some correction seems to be heading up again.
One may buy Opto Circuits India for a target price of Rs 29.50 and a stoploss of Rs 26.60. It is one of those companies which have been in the forefront of the medical equipments industry. We have seen good delivery based buying taking place in the counter and therefore we feel that uptrend should continue in the coming days.
One may buy Century Enka for a target price of Rs 163 and a stoploss of Rs 149. This has been one of those companies which have shown good delivery based buying and textile counters have also seen some good buying across the board and we feel that we could see some uptrend going about in Century Enka.
One may buy Canara Bank for a target price of Rs 275 and a stoploss of s 258. We have seen the banking counters coming back to form in today’s trading and we feel that most of the public sector undertaking (PSU) banks could attract good buying in the coming sessions in more expectation of good liberal dividend payout after what we have seen in case of Coal India and therefore a buy on Canara Bank.
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