Buy MTNL, Heidelberg Cement: Pankaj Jain

In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.

Long MTNL. The kind of positive momentum we have seen in the stock for the last 10-12 days and what we have seen that today the stock closed above its immediate resistance of Rs 30 and I think the stock has now heading to next resistance zone of Rs 33 to Rs 34. There has been various rumors floating in the market with respect to sale of spectrum, with respect to sale of realty which MTNL is carrying and some other rumors have been positive, rumors have been floating in the market. Long on Heidelberg Cement. What we have seen in this stock, this stock has been finding support at 20 DMA each time and today we have seen this stock closing very close to its recent high of Rs 36.25. otherwise also we have seen that most of the cement stocks are in positive momentum and there has been a decent positive demand for most of the cement stocks and it is just a matter of time that Heidelberg moves past this range of Rs 36-37 and into a new orbit of range closer to Rs 42-43. Long on Cox and Kings. We have seen that this stock moved very swiftly today with very heavy volume. Volumes are almost 8 to 10 times the regular volumes and stock broke past its 20 and 50 DMA with stronger volumes. There have been rumors, news that the management people has been buying into this stock and with the kind of positive momentum we have seen in the stock today I think this momentum should carry on in tomorrow’s trading also. Taking these factors into consideration we have gone long in the stock with aggressive target of closer to Rs 145 for the day. Long on Dishman Pharma. This is one of the better midcap pharmaceutical stock and we have seen that in the last two-three months the stock has moved from levels closer to Rs 40-45 level to levels of plus Rs 65 and each time this stock is finding support at 20 DMA and if we see the patterns of the last 2-3 months very strong bullish pattern we have seen in this stock. I think the kind of closing we have seen in this stock, this stock is giving signals of fresh breakout. The volumes have been strong for the last couple of days and momentum oscillators are giving very positive signals.