Buy Indiabulls Real, Jet Airways; sell RComm: Agarwal

In CNBC-TV18's popular show Bull's Eye, Abhishek Agarwal of Fortune Interfinance shares his trading strategies for the day.

One may sell Reliance Communications (RComm) with target of Rs 138 with a stop loss of Rs 150. This stock has almost doubled from the level of Rs 60 in a month. I think now it will be a consolidating phase for the stock. It has already shown some sort of tiredness between the range of Rs 140-150 therefore it is a sell call for me. One may buy Indiabulls Real Estate with target of Rs 78 with a stop loss of Rs 70. The stock has already been very volatile in the last one month. It seems that it has already consolidated in the range of Rs 70-80 therefore there is a strong chance that it can break the level of Rs 80 and go beyond two digits. One may buy Aditya Birla Nuvo with target of Rs 1220 with a stop loss of Rs 1140. This is one of the best midcap stocks right now which have almost spent three years between the range of Rs 800 to now Rs 1200. Once the stock breaks out above Rs 1200, it can actually move beyond Rs 1400-1500. Therefore it should again be a buy for the medium term. One may buy Jet Airways with target of Rs 395 with a stop loss of Rs 360. Jet Airways has almost plunked more than 20 percent after the news that seems that Etihad won't be going along with Jet. However on Friday evening it seems that Etihad is willing to go ahead with the company and looking to renegotiate on the terms and conditions. The new terms and conditions line is expected to submit at the end of the month. Therefore renewed interest can be seen in the stock for the day.