Buy Exide Industries, JSW Energy, Jet Airways: CA Rudramurthy BV

CA Rudramurthy BV at Vachana Investments told CNBC-TV18, "I am very bullish on Exide Industries. This stock offers a very good risk reward. Lot of delivery based buying is seen in the range of Rs 195 to Rs 200 and also strong supports are emerging at these areas. Lot of open interest build up is also seen in futures. One can definitely go long in December month futures of Exide Industries. Have a target of Rs 245 with a stop loss of Rs 200."

"JSW Energy is a buy. This stock has a strong support at Rs 78 on spot level and again lot of accumulation is seen. F&O market sees lot of open interest build up on the upside. The stock can initially test levels of Rs 90, have a stop loss of Rs 81 and again go long in December series."

"A buy on Jet Airways. This stock has a strong support at around Rs 640-650 range and this stock is a clear buy. Have a target of Rs 725 in December month futures with a stop loss of Rs 655."

At 12:29 hrs Jet Airways was quoting at Rs 669.90, up Rs 0.85, or 0.13 percent. It has touched an intraday high of Rs 679.00 and an intraday low of Rs 666.00.

Exide Industries was quoting at Rs 204.30, down Rs 2.50, or 1.21 percent. It has touched an intraday high of Rs 206.90 and an intraday low of Rs 204.20.