Buy UPL, Biocon: Meghana Malkan

In CNBC-TV18's popular show Bull's Eye, Meghana Malkan of malkansview.com shares her trading strategies for the day.

One may buy UPL. The stock has been consolidating in the range of Rs 182 to Rs 192 from the past few trading sessions. On Friday it attempted to break out of that range with a big wide candle stick pattern; volumes have been above average and momentum indicators are on good support. Hence a buy call with a stoploss of Rs 192 and a target of Rs 202.

One may buy Biocon. The stock has retraced from Rs 485 to Rs 450 levels in the past one month, after consolidating there for few days the stock is again attempting to move towards higher levels with weekly and monthly charts are very bullish. I would therefore recommend going long with a stoploss of Rs 429 for a target of Rs 444.