Buy SAIL, JP Infra, Union Bank, HeidelbergCement: Jain

In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Welathmax shares his trading strategies for the day.

One may go long on Steel Authority of India (SAIL). We have seen smart movement from most of these metal/steel related stock in the last 2-3 weeks and SAIL has been one of them. In the last 4-5 trading days, cash volumes and delivery volumes have been pretty strong in SAIL and yesterday the stock closed past its physiological number above Rs 50. Taking the kind of positive momentum that is still intact in most of these steel related stocks we believe that SAIL could be headed much higher in coming days and taking that factor into consideration we have gone long on Steel Authority of India. One may go long on Jaypee Infratech. Most of these JP related stocks had been buzzing for few days. Primarily reason apart from general momentum in the market has been that the cement deal which has been announced yesterday evening whereby Gujarat cement plant has been sold to UltraTech Cement. That rub off effect may be seen in today's trading in JP Infra and other JP related stocks. Even on technical's the stock has been showing positive momentum and it is trading above crucial short-term averages. Taking that factor into consideration we have gone long on JP Infra for the day. One may go long on HeidelbergCement India. Some kind of rub-off effect even on this stock maybe seen and stupendous run was seen in the stock in yesterday's trading. We believe that post this JP-UltraTech deal most of these decent midcap cement stock could perform for the next two days. The kind of momentum that was seen in HeidelbergCement, we believe that the stock could be headed much higher in today's trading. One may go long on Union Bank of India. Strong run up was seen in most of these midcap PSU banks and we believe that this run up may continue for few more days and with the kind of announcement RBI has made in last two weeks, expected treasury losses would be highly trimmed and we believe that quarter three and quarter two numbers may not be as poor as expected because of limited treasury losses.