Kunal Saraogi of Equityrush recommends buying TVS Motor with a target of Rs 130 and advises selling HDIL with a target of Rs 74.
In CNBC-TV18's popular show Bull's Eye, Kunal Saraogi of Equityrush shares his trading strategies for the day.
One may sell Union Bank . I am trying to play the contrarian here and given that the markets are slightly unpredictable, the rally in the public sector undertakings (PSU) bank stock may well be overdone. I will go short in Union Bank with a target of Rs 143.
One may sell HDIL . High beta could go down more from the current levels and HDIL could be one such stock. With a stoploss at Rs 80, I am looking for a target of Rs 74 on HDIL.
One may go long in Jubilant Foodworks . The stock has formed a base for itself. It has got a very strong accumulation pattern on its volume chart. The stock is headed to Rs 1120 levels which will be the target for the day.
One may buy TVS Motor . The stock has really been doing well in last couple of trading sessions. And the upside here might well continue. One could look for a target of Rs 130 on TVS Motor and place a stoploss at Rs 118.
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Buy Jubilant Food, TVS Motor; sell HDIL: Kunal Saraogi
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