Buy Rel Ind Infra, CESC, United Spirits: Pankaj Jain

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

Long on Reliance Industrial Infra. Basically what we see that this is high beta momentum stock and this stock moves in patches and basically as a trader you got to catch the moment at the right time with these kind of stocks. In last two days what we have seen is this stock has moved beyond 200 DMA of Rs 410 and with stronger volumes and we believe that this stock could be heading to levels closer to Rs 460-465 which were its intermediate high in next couple of weeks. However for the day my target price is Rs 450.
Long on Ramco System with stoploss of Rs 143 and target price of Rs 156. This is a potential multibagger midcap IT company. What we have been seeing in last 6-7 months there has been a very steady increase in the price of script from levels closer to Rs 60-70 to levels closer to Rs 150 in last 6-7 months and without any major hiccup to the investor and in last 2-3 trading days we have seen the volumes have significantly increased and stock has moved pass its major trading average and we believe that this short term momentum could continue and take the stock to much higher levels.
Long on United Spirits. What we have seen, basically we believe that this Vijay Mallaya company, this flagship company ultimately Mr. Mallaya will have to sell some stake in the company to come out of this liquidity crisis and the valuation of the stock, the valuation of the stake could be much higher than 4 digit mark. Taking that into consideration what we have seen that in last couple of days the stock has broken pass its 200 DMA of Rs 685 and that becomes a support level.
Long on CESC, Calcutta Electric Supply and again this is also a steady kind of script which had been sort of moving in a plateau of Rs 260-280 zone and this zone has been breached in last 2-3 days. We believe that even CESC is heading to levels closer to somewhere between Rs 330 and Rs 345 in recent times to come. So taking stronger movements of last 2-3 base having already trading above its major moving averages, we believe that CESC is in for good times.