Buy Bata, Jubilant Food, Biocon; sell BOI: Meghna Malkan

Written By Unknown on Senin, 25 November 2013 | 14.03

Nov 25, 2013, 12.21 PM IST

Meghna Malkan of malkansview.com recommends buying Bata India with a target of Rs 1085 and advises selling Bank of India (BOI) with a target of Rs 198.

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Buy Bata, Jubilant Food, Biocon; sell BOI: Meghna Malkan

Meghna Malkan of malkansview.com recommends buying Bata India with a target of Rs 1085 and advises selling Bank of India (BOI) with a target of Rs 198.

Like this story, share it with millions of investors on M3

Buy Bata, Jubilant Food, Biocon; sell BOI: Meghna Malkan

Meghna Malkan of malkansview.com recommends buying Bata India with a target of Rs 1085 and advises selling Bank of India (BOI) with a target of Rs 198.

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

One may buy Bata India . The stock has entered into a new territory above the Rs 1000 levels. Momentum across all time frames is into the bullish zone. After a small retracement last week it has again formed a bullish candlestick pattern on Friday's trading session. So I would recommend a buy with a stoploss of Rs 1035 and a target of Rs 1085.

One may buy Jubilant Foodworks . The stock has shown positive divergences and momentum indicator in daily chart. It has also found support at Rs 1220 which was the previous resistance area. So I would recommend a buy with a stoploss of Rs 1250 and a target of Rs 1320.

One may sell Bank of India (BOI). The stock has closed below its important support of Rs 211, it has also closed below 20 period moving average on daily charts. Momentum indicators are bearish, so I would recommend a sell with a stoploss of Rs 214 and a target of Rs 198.

One may buy Biocon . The stock seems to be taking good support at Rs 360, it has formed bullish candlestick pattern on Friday's trading session and momentum indicators across all timeframes are into bullish territory. So I would recommend a buy with a stoploss of Rs 366 and a target of Rs 383.



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