Kunal Saraogi of Equityrush recommends buying Eicher Motors with a target of Rs 11600 and Motherson Sumi Systems with a target of Rs 420.
In CNBC-TV18's popular show Bull's Eye, Kunal Saraogi of Equityrush shares his trading strategies for the day.
One can sell UCO Bank . The stock is being in a downtrend for a very long time now and is likely to go down more. One can sell with a stoploss above Rs 80 and look for a target of Rs 76.
I expect Syndicate Bank to go down more and the pattern is very bearish. The stock is broken down major support levels. It can go to Rs 102 levels. One should put a stoploss at Rs 110.
One can buy Motherson Sumi Systems . The stock has held up in yesterday's carnage and has been an outperformer all throughout. It can be bought at the current levels for the target of Rs 420 and one should put a stoploss at Rs 395.
One can buy Eicher Motors . It is an outperforming stock that is not very co related with the markets. It can be bought at current levels for a target of Rs 11,600 and one should put a stoploss at Rs 11,300.
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Sell UCO Bank; buy Motherson Sumi, Eicher Motors: Saraogi
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