Buy Adani Ports, NHPC; sell Rel Comm, Unitech: Parag Doctor

In CNBC-TV18's popular show Bull's Eye, Parag Doctor of Keynote Capital shares trading strategy of the day. 

Buy Adani Ports with a stop loss of Rs 139 and a target of Rs 152. The stock has almost touched its 52 week high which was at Rs 157. Immediately, Adani Ports could move towards a target of around Rs 152 and can be bought with a stop loss of Rs 139.  National Hydroelectric Power Corporation (NHPC) has made a fresh 52 week high after breaking past old resistance which was around the Rs 26 mark. The stock is headed higher to immediate target of around Rs 28 and can be bought with a stop loss of Rs 26. The base for NHPC is around the Rs 22-23 levels and this could propel the stock further in the medium term to a target between Rs 29-30.  Reliance Communications has started a short-term downtrend and is headed lower to a immediate target of around Rs 79 and can be sold with a stop loss of Rs 84. Reliance Communications is correcting a strong up move which was there over the last several months between the levels of Rs 55 and Rs 90. In the medium-term the stock could head to a target around Rs 70 levels.  Unitech is in a short-term downtrend and it likely to fall further to a target of around Rs 33 levels and can be sold with immediate stop loss of Rs 37. The stock is correcting a strong up move which happened in the last several months between the levels of Rs 23 to about Rs 40. In the medium-term Unitech could head lower to around Rs 29 to Rs 30 levels.