Buy Voltas, IVRCL, BEML, Heidelberg Cement: Jain

Pankaj Jain of Sunteck Wealthmax is bullish on Voltas, IVRCL, BEML and Heidelberg Cement.

May 20, 2013 / 15:27 IST
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In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Wealthmax shares his trading strategies for the day.


Long call on Voltas. In Friday’s trading session stock shot up significantly and volumes were very heavy. Upcoming results of Voltas could be a shade better than what market is expecting.
Long call on IVRCL. The kind of positive momentum which was seen around infrastructure related stocks, capital goods related stocks, construction related stocks in Friday’s trading session, I believe that spill over effect could be on in Monday’s trading.
Buy BEML. What we have seen in this stock because of the significant tailwinds that were seen in capital goods related stocks and with upcoming results of L&T the expectation is building up and BEML in last 45 minutes we saw very significant buildup in BEML stock and it moved up very sharply. It broke past its short-term moving averages.
Buy HeidelbergCement. This stock moved up very significantly about 9-10 percent on back of news that parent company is in process of selling 12 percent stake to a P/E fund at significantly higher prices and the kind of volumes that were seen in Friday’s trading session compels us to believe that stock could be headed much higher.
first published: May 20, 2013 03:27 pm

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