Buy Financial Tech, India Cements, PFC: Parag Doctor

In CNBC-TV18's popular show Bull's Eye, Parag Doctor of Keynote Capital shares trading strategy of the day.

Financial Technologies has made a very strong base between Rs 690 and Rs 700 levels, which is supported by 100 day and 200 day average. The stock has now shown strength by crossing the 20 day moving average with good delivery volumes. The stock is headed to the recent high around Rs 754 and can be bought with a stop loss of Rs 723. India Cements has shown strength by crossing the 200 day moving average after making a very strong base around Rs 78 to Rs 80 levels. The stock is headed higher to the recent high around Rs 89 levels and can be bought with a stop loss of Rs 84. Power Finance Corporation (PFC) has a very strong base around Rs 168 to Rs 170 levels after witnessing the correction from the recent high around Rs 195. The stock has now again started an uptrend and is headed for a recent high around Rs 184 and can be bought with a stop loss of Rs 175. Sesa Goa has been struggling to cross that overhead resistance from 100 day average which is at Rs 188 and the 200 day average which is at Rs 192. The stock has shown weakness and is part of a sector, which is not doing well in the current upward trend. Sesa Goa is headed lower to a target around Rs 181 and can be shorted with a stop loss of Rs 191.