Buy KRBL, NALCO, Uttam Galva: Pankaj Jain

In CNBC-TV18's popular show Bull's Eye Pankaj Jain of Sunteck Wealthmax shares trading strategy of the day.

I have gone long on KRBL with stop loss at Rs 25.65, target price of Rs 27.75.
I have gone long on NALCO with stop loss at Rs 48.75, target price of Rs 53. Bottom-line more almost doubled and the better part was the kind of expansion in margins and company management says that in near future these margins would be maintained. Taking that into consideration and the kind of volume breakout that was seen almost 18-19 times the regular volumes I think stock after closing well above its short-term relevant averages is headed beyond its 200 Day Moving Average (DMA) which is closer to Rs 53.
I have gone long on Uttam Galva with stop loss at Rs 117.50, target price of Rs 129. There have been strong rumours floating in the market regarding stake sell to ArcelorMittal and the rumours seemed to be very strong and positively inclined. Taking that into consideration the kind of volume breakout the stock has seen, stock is almost already at a two year high I think the positive momentum which has been seen in last few days would continue and stock could go much higher from current levels.
Sell Opto Circuit. Dismal set of charts and the kind of issues that have been raised vis-à-vis corporate governance and sort of unanswered financial mismanagement, the stock has been dumped all around. Investors are dumping the stock and we could see stock is already at a two year low and stock could be headed to its 2009 low of levels closer to Rs 60 in medium-term kind of thing. Taking that into consideration I am pretty bearish on this stock.