Buy JK Tyre, Bajaj Finserve, Mastek: Abhishek Agarwal

In CNBC-TV18's popular show Bull's Eye, Abhishek Agarwal of Fortune Interfinance shares trading strategy of the day.

I have a buy call on JK Tyre with a target price of Rs 110 and a stop loss of Rs 98.5. JK Tyre has shown strong upmove post results. The results are better than expected since the raw material, which was a rubber has fallen down significantly. There is a good volumes on the stock and the price is supporting the same therefore in a medium-term target I believe the stock can touch Rs 125. I have a buy call on Bajaj Finserv. It’s a momentum call with a target price of Rs 975 and stop loss of Rs 900. The stock is trading almost to its lifetime high and I expect it to move to four digits very soon. I have a buy call on Mastek with a target price of Rs 190 and stop loss of Rs 172. Mastek was very strong yesterday despite Nifty closing negative. I believe that Mastek is in a strong upside trend and therefore the target price can be achieved within a weak however a strict stop loss should be maintained. I have a buy call on IDFC. Target price is Rs 150 with a stop loss of Rs 140. Yesterday IDFC gave good set of results and the stock closed more than 4% in yesterday’s trade. I believe that the stock still have some sort of momentum left and therefore immediate target can be seen about Rs 150 to Rs 160.