Buy Jet Airways, Raymond, REC: Parag Doctor

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

Adani Enterprises has been on a strong up trend after crossing the 200 day moving average which was around the Rs 240 level. The stock has built a very strong base between the Rs 200 and Rs 220 levels before this current up move. The momentum on the stock is such that it is heading for an immediate target around Rs 267 with a stop loss being placed at Rs 249. In the medium-term Adani Enterprises can go on to higher levels between Rs 290-Rs 300 levels.
Buy Jet Airways with a stop loss of Rs 539 and a target of Rs 567. Jet Airways is in the mid of a very strong up move and has consolidated for the last four or five trading days, after having found short-term support around the Rs 520 levels. Raymond has been in a very strong up trend and is making new 52 week highs. The stock has broken out of a base which was around the Rs 440 levels and has started moving up. Raymond is headed in the immediate term to a target of around Rs 477 and can be bought with a stop loss of Rs 449. In the medium-term Raymond could be headed higher to levels closer to Rs 500 levels. REC has broken past resistance which was around the Rs 230 levels and is headed higher in the short-term to a target around Rs 238 and can be bought with a stop loss of Rs 229. In the medium-term REC has a very strong base around Rs 210 to Rs 220 levels and is headed higher to a medium-term target around the Rs 260 levels. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.