Buy Pratibha Ind, SPIC, Sunil Hitech: Pankaj Jain

In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Wealthmax shares trading strategy of the day.
 
Buy Pratibha Industries. This is a midcap company into water management, water transmission distribution kind of projects and we have seen that most of decent midcap infra companies. They have been slow on the upside and we believe that this positive momentum in decent infra structure company should continue. 
 
Southern Petrochemical Industries Corporation (SPIC) has been consolidating at levels closer to Rs 15 and Rs 17 for quite sometime. Thereafter it has taken off from those levels. In last three-four trading sessions we have seen heavy volumes in the stock and stock has closed above immediate resistance of Rs 19.25 and we believe that on a very short-term viewpoint the stock is heading to levels closer to Rs 22. Taking that into consideration we have gone long on this stock with day target of Rs 20.90.
 
Buy Sunil Hitech Engineers with a stop loss at Rs 83.75, target price of Rs 89.95. The stock closed at immediate resistance zone above of Rs 85.50 and we believe than on short-term basis the stock is heading to levels closer to Rs 93-94.
 
Buy Gujarat NRE Coke with a target price of Rs 22.95. What we have seen in this stock for last 30-40 trading sessions that the stock has been consistently trading above its 20 day moving average short-term relevant average and the move is positive and for last couple of days we have seen that added strength is there and stock has been gaining strength with strong volumes and this time the quarterly performance is expected to be much better and therefore some kind of front running is going in the stock.