In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Wealthmax shares his trading strategies for the day.
One may buy Jet Airways. FIPB having approved the deal and modified deal, now it seems the path is clear and the deal would now go to cabinet and most likely the deal will go through now. One may buy SpiceJet. Taking into consideration that it had a very strong day yesterday, moved up by about six percent and the clearance of deal of Jet Airways would definitely have a strong positive rub off effect on SpiceJet. One may sell Syndicate Bank. The kind of hammering that has been seen in most of these midcap PSU banks in last five-six trading days post RBI measures and the kind of results these midcap PSU banks including Syndicate Bank have delivered, have been pretty poor. One may sell Unitech. Yesterday it touched and closed at five-six year low at levels closer to Rs 17 and now it is in a very dangerous zone from where it could slide down to as low as Rs 14 in next few weeks or few months.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
