Buy Pantaloon, Shree Renuka, SpiceJet: Parag Doctor

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

Indiabulls Real Estate has been on the upward momentum path ever since it broke past the resistance which was there on the charts around Rs 70 levels. The stock can be bought in the short-term with a stop loss of Rs 72 and an immediate target of Rs 79. Indiabulls Real Estate has a strong base between Rs 60 and Rs 65 level, which will propel it in the medium-term to a target between Rs 85 and Rs 90 levels. Pantaloon Retail has broken past the old resistance, which was around Rs 220-225 zone. The stock is showing strong upward momentum and is headed higher to immediate target around Rs 254 levels and can be bought with a stop loss of Rs 229. In the medium-term, Pantaloon Retail has possibility of going even higher to upto Rs 270 and maybe even Rs 280 levels. Shree Renuka Sugar has a very strong base formation around Rs 30 levels, which was built up over the last several months. The stock has exhibited upward momentum in the last few trading days, which is likely to propel it to a medium-term target around Rs 36 levels and can be bought with a stop loss of Rs 31. Further upsides in Renuka Sugar are likely with the stock headed higher to around Rs 38 and even maybe in Rs 40 levels in the next few weeks. SpiceJet has been in the upward momentum ever since it broke past the old resistance which was around Rs 40 levels. The stock has a very strong accumulation zone between Rs 30 and Rs 40 levels. In the short-term SpiceJet is headed higher to an immediate target around Rs 53 levels and can be bought with a stop loss of Rs 43. In the medium-term, SpiceJet has a potential to scale even the Rs 60 mark.