Kunal Saraogi of Equityrush recommends buying Tata Communications with a target of Rs 296.
In CNBC-TV18's popular show Bull's Eye, Kunal Saraogi of Equityrush shares his trading strategies for the day.
One may buy Torrent Power with a stoploss at Rs 85 and a target of Rs 90. The stock has got an inverted head and shoulders pattern on its daily chart and has clocked very substantial volumes in the last few sessions. I see a breakout on the charts in the stock.
Tata Communications has been stuck in the range for a while but perked up in trade yesterday and the stock might continue its uptrend. It can go to levels of about Rs 300. One should set a target of Rs 296 and look for a stoploss of Rs 282.
Karur Vysya Bank within the midcap banking names have really outperformed the market and I expect this outperformance from it to continue. One should buy at the current levels, put a stoploss at Rs 340.
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