Buy Adani Ent, JSW Energy, Sun TV: Merani

In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, AMSEC Research shares trading strategy of the day.

Buy Adani Enterprises. The stock has made a small flag pattern which has a breakout around Rs 275 as well as the stock has been gathering momentum over the last two-three weeks and has moved up from Rs 240-250 to almost Rs 275. We could see a much bigger blowout move in the next few sessions towards Rs 320 also. One can expect a target of Rs 285 keeping a stop loss at Rs 265.
Buy JSW Energy. The stock gave a range breakout around Rs 66. Yesterday the stock tested similar levels and has bounced back sharply. This indicates the stock may gain momentum over the next two-three sessions. We can expect a target of Rs 74 and keeping a stop loss of Rs 66 one can buy any dips.
Buy Sun TV. The stock has given an excellent breakout on long-term charts once it cross above Rs 360-380 levels. This gives us a target price of almost Rs 550 in the medium term. Currently the stock is dipping back after touching Rs 425-430. In this zone of Rs 400-395 is a good buying area. One can expect a quick jump to Rs 425 and further to that we can expect a target price of Rs 550 in the medium term.
Buy Zee Entertainment. The stock has given excellent long-term breakout around Rs 140-150 which gives us a long-term target of Rs 350. In the short-term it has been making higher tops higher bottoms and any dip would be a buying opportunity. Currently the stock is dipping back after hitting Rs 215 levels. One can use these dips to but into the stock with a short-term target of Rs 220 and a longer term target of Rs 350 and intraday stop loss would be placed at Rs 195.