Buy S Kumars, BGR Energy, Jai Corp: Merani

In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, AMSEC Research shares trading strategy of the day.

Buy S Kumars with an intraday target price of Rs 37.40 and a stoploss to be placed at Rs 34. On a medium term timeframe we would be looking at much higher targets with a minimum of Rs 40-45 levels. It has a short term resistance around Rs 38-40 levels. Once that is crossed we could see the long term trend to be changing for the stock. The accumulation pattern over the last few weeks suggest that the stock is headed to much higher levels over the next three to six months and it could be a good investment bet. Buy Mahindra Satyam with an intraday target price of Rs 86 and a medium target price of Rs 100. If we look at the last six months history of the stock every time the stock would come up to Rs 78-80 levels and take a big knock. Yesterday the stock has finally closed above Rs 80-81 levels comfortably with very good volumes. This indicates a major breakout has taken place in the stock and any dips to Rs 80 would be a buying opportunity. We could expect a target price of Rs 100 or even higher in the medium to long term. Buy BGR Energy with a quick target price of Rs 320 in the day and a short term target price of Rs 340. In the last few weeks the stock has faced a lot of resistance in the band of Rs 305-308. Yesterday the stock has closed well above these levels with good volumes; this indicates we could see a good move over the next few days itself. I would have target price of Rs 340 in the short term and this is a short term call, so a strict stop loss to be placed at Rs 304. Buy Jai Corp with a target price of Rs 65 and a stop loss to be placed at Rs 56. Although the stock has been in a long term downtrend it is very close to its 2011 lows as well as the stock gives wild moves in the short term. For the last few days we are seen a good volume increase and yesterday the stock has closed well above its resistance of Rs 58-59. I would expect the stock to move up to Rs 65 or even Rs 70 in a short timeframe.