Buy Jagran Prakashan, JSW Holdings: Pankaj Jain

In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Wealthmax shares trading strategy of the day.
 
Buy Jagran Prakashan with stop loss at Rs 108.50, target price of Rs 121. Very heavy volumes were seen in this stock and this stock consistently for last two and half three months has been consistently trading above 20 Day Moving Average (DMA) and has been slowly creepingly going through accumulation phase.
 
Buy Jindal South West (JSW) Holdings. Most of the metal, steel and Jindal prefix stocks had been doing well for last couple of days and reflection of that can be seen in Jindal South West Holdings which is the flagship holding company of Jindals. What we have seen in this stock again that the stock has been consistently trading above 20 DMA for last 25-30 trading sessions.
 
Long on Eveready Industries. This stock has been one of the most underperforming stocks of 2012 and the past three-four quarter results have been poor and the stock had corrected from levels closer to Rs 32-33 to levels closer to Rs 17-18. What we have seen in last about 15-20 trading sessions stock has been making a plateau like formation and has been going under a sort of reaccumulation phase somewhere around Rs 23.
 
Buy Hindustan Sanitaryware and Industries Ltd. (HSIL). This is the market leader in sanitaryware segment. It commands market share of more than 35 percent and we believe that sector as such could be one of the outperforming sectors for year 2013. The Relative Strength Index (RSI) indicators also suggest that positive momentum would continue in the stock. So taking that into consideration we have gone long on this stock with target price of Rs 153 for the day.