SHORT TERM TRADES; UNION BANK, HERITAGE FOODS, TV18

UNION BANK:

1. BUY at cmp 230
2. Keep a stop loss at 216 closing basis
3. First target 237 followed by 249 in a month or less possibly
4. Medium term target (3-6 months) is 275.
5. Barring unforseen events, I don't think you can go wrong with this one.

HERITAGE FOODS:

1. Buy at cmp 518
2. Keep a generous stop loss at 450 closing.
3. First target 527 followed by 545.
4. Longer term (9-12 months) could see 650. This one has run up a fair bit but the underlying fundamental growth story is undeniable.

TV18 BROADCAST:

1. BUY at cmp 32.35
2. Keep a stop loss at 28 closing basis
3. The scrip has a strong resistance at 33.3; needs to break out above 33.3 and then could see 37 easily.
4. Tough to give a time frame, but give it about 3 weeks for 37 plus. Of course, if you can hold it longer,  my 12-15 month target is close to 50 for the scrip.

FOR OTHER TRADING IDEAS  CLICK HERE