Buy YES Bank, JP Power, JM Financial, Hindustan Zinc: 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 YES Bank. We have seen smart rally in most of the banking stocks in last two trading sessions and private sector banks have also rallied smartly. We believe that the stock has another 5-7 percent of steam left after positive comments from the new RBI governor with respect to borrowings by banks and with respect to short-term borrowings. It is expected that few of the harden measures announced by RBI sometime back maybe eased out or rollback back and that may help stocks like YES Bank.

One may go long on Jaiprakash Power. The stock has moved from single digit levels to levels closer to Rs 14 just in about a months time and there are reports that Abu Dhabi utility company maybe buying out two hydro electric powers from JP Group and the deal could be anyway worth of Rs 10,000 crore. Taking that into consideration, taking positive momentum that has seen in the stock and the kind of build up that has been seen in the stock, it is taking most of the relevant short term moving averages. We believe the stock could be headed higher in today's trading sessions

One can go long on JM Financial. What we have seen in the stock is that it made a plateau, reconsolidated in levels closer to Rs 18-20 after the correction. In the last 2-3 trading sessions we have seen that the volumes have been pretty strong and the stock seems to be inching up towards positive momentum and taking that into consideration and taking into consideration positive momentum of the market we believe that the stock could be headed higher in coming days and especially into today's trading.

One can go long on Hindustan Zinc. This stock has rallied by more than 25 percent in last month, month and a half on back on strong rally that has been seen in metal stocks and strong news in the market that government seems to be serious to off load its closer to 30 percent stake to Vedanta Group and off late there are reports that Vedanta Group may substantially up its bit by 10-15 percent. The kind of momentum that has been seen in the stock and the kind of news flow that we are hearing, we believe that the stock is headed much higher.