Sell India Infoline, Crompton Greaves: Parag Doctor

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

Buy JP Associates with the stoploss of Rs 75 and a target of Rs 83. JP Associates has broken out resistance of Rs 78 with strong long open interest build up. The stock has a very strong base between Rs 70 and Rs 73 levels which is supported by the 100 days average and the 200 day average. Jaiprakash Associates is heading to a target of Rs 83 and can be bought with a stop loss of Rs 75. Buy Karnataka Bank with the stoploss of Rs 99 and the target of Rs 112. Karnataka Bank has been in a strong uptrend ever since we broke out of the 100-200 day average, which is around Rs 86 to Rs 89 levels. The stock has had strong long open interest build up and is headed to a six month high target of Rs 112 and can be bought with a stop loss of Rs 99. Sell India Infoline with a stoploss of Rs 60.5 and a target of Rs 54. India Infoline has struggled to cross 100-200 average, which is around Rs 60 level and has developed a strong resistance between Rs 60 and Rs 65. The stock has now broken down below that Rs 60 levels again and is headed for a target of Rs 54 and can be sold with a stop loss of Rs 60.5. Sell Crompton Greaves with a stop loss of Rs 133 and a target of Rs 126. Crompton Greaves has also struggled to cross the 200 day average which is around Rs 133 levels having a strong move from Rs 100 levels to around Rs 135. The stock has broken down below 200 day average and is headed for a target of Rs 126 and can be sold with a stop loss of Rs 133.