Buy Idea Cellular, Hexaware Tech, Bata, JSW Steel: Jain

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

One may go long on Idea Cellular. This stock has moved very smartly and very steadily throughout calendar year 2013 from the two digit levels to current levels. It has been performing very well and consistently been trading above 20 DMA most of the times and it seems that telecom sector as such is out of that rough patch and has been rerated.
One may buy Hexaware Technologies. The stock has almost moved up by more than 30 percent in the last 2-2.5 months and results have been backed by the movement of the stock. The kind of momentum that has been seen in the stock for the last couple of days including yesterday suggests that stock is headed much higher. A lot of smart money is moving into technology stocks and this stock is one of them where the money is moving.
One may go long on Bata India as the stock after having gone through serious corrections in the last 3-4 months is again moving back to its all time high and could very soon move into special zone of four figures and the kind of momentum that has been seen in the stock in the last couple of days and rather last one month we believe that the stock could be headed much higher.
One may go long call JSW Steel. The company came out with results yesterday and operationally the results were good and because of that we saw serious pullback in the stock. We believe that pullback and the positive momentum which was seen in the last hour would continue in today's trading.