Buy Jet Airways, DB Realty: Bothra

Kunal Bothra of LKP is of the view that one can buy Jet Airways even at current level, the stock can go upto Rs 840-850. "DB Realty has cross it resistance of Rs 135-140 range and now it can go upto Rs 165-170," he adds.

Bothra told CNBC-TV18, "Jet Airways chart is building up very huge momentum. I am probably talking of very short-term of Rs 620-630, but I think this is in the process of building a huge inverse head and shoulder pattern. If you look at the monthly charts the neckline is somewhere around Rs 840-850 levels and that is the kind of level which I am looking at on Jet Airways. But I think from a trader's perspective this is one stock which even at current levels, even if it has rallied 30-40 percent in last couple of weeks I think it is still an interesting buy. Rs 550-560 is very good entry level for Jet Airways. I do not think that the stock would probably go below Rs 500 in the next couple of weeks or months. So Jet Airways would be one of the very strong picks from current levels. He further added, "DB Realty is one stock which has been on the sidelines in the last couple of weeks, probably volatile trading in terms of all the real estate or the infra packs, but I think today's move has opened up very strong kind of momentum. It has crossed the previous resistance of Rs 135-136 and my sense is that it is opening a very huge cup and saucer kind of a pattern which on monthly or weekly charts gives a very high target of Rs 165-170. But I think even at current levels of Rs 135-140 this range from a very medium-term perspective is a very good entry level for DB Realty as well. So these are the two which I have recommended to you." Disclosure: No personal holdings in any of the stocks mentioned, but may have recommended the stocks to clients.