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Last Updated : Dec 13, 2012 02:57 PM IST | Source: CNBC-TV18

Buy SERI Infra, Adhunik Metaliks, JM Financial: Jain

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


In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.
 
I have gone long on SREI Infra with stop loss at Rs 38, target price of Rs 45.25. SREI Infra recently SEBI gave its nod for their debt fund that was one of the trigger. Apart from that we feel that this stock is a potential multi-bagger for next two to three years kind of thing though they have a fable chance but they are also in race for this new banking license.
 
I have gone long on Adhunik Metaliks with stop loss at Rs 41.70, target price of Rs 48. The stock had been consolidating between levels of Rs 25-35 for last seven to eight months and recently at levels closer to Rs 35 one crore shares exchanged hands. So, that gave a fresh impetus to the stock. We believe that on a short-term basis stock is heading somewhere between Rs 50-55. So, taking the fresh breakout into consideration we have gone long on Adhunik Metaliks for the day.
 
Long on JM Financial. This has been one of the steady stocks right from July- August from levels closer to Rs 12-13 stock has been steadily going up and at no point of time has it breached its short term 20 DMA. Stock gives a decent dividend outflow also. Apart from that the positive momentum in capital market is adding to the value of the stock and we believe on a medium term basis, on a three to six month platform stock is headed to levels closer to Rs 25.

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First Published on Dec 13, 2012 02:29 pm
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