Buy Unitech, TV18 Broadcast, L&T Finance: Jain

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

Long on Unitech. What we have seen in this stock in today’s session, it close at a new six months high and next level of resistance in the stock seems to be closer to between Rs 29.75 and Rs 30.50. Post the amicable divorce of Unitech and Telenor, the management focuses back into realty and in addition to that we have seen that realty stocks are back into action. Smart money is again moving into this sector. Indiabulls Real Estate had seen serious hammering when negative Veritas report on Indiabulls group of companies came into public. Post that most of the stocks are back into positive momentum and Indiabulls Real Estate also has seen good positive momentum in recent past. Long on TV18 Broadcast with stop loss at Rs 34.45, target price of Rs 39. In last two-three months after a successful completion of its rights issue, the balance sheet of the company becomes very strong. We have seen closer to rights issue, post rights issue a lot of accumulation has been done in the stock and then some strong corporates and some stronger punters have bought into this stock. Buy L&T Finance Holdings with a target price of Rs 93 and a stoploss at Rs 83.50. Infact L&T Finance has been a huge mover off late in anticipation of the banking license coming through. Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.