Buy FDC, JK Cement, Navneet Public: Parag Doctor

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

Bajaj Finance has corrected from the recent high around Rs 1,450 levels and has found support around Rs 1,250 mark. The stock has started an uptrend and is expected to move to an immediate target around Rs 1,345 levels and can be bought with a stop loss of Rs 1,275. In the medium-term, the stock is expected to regain the 52-week high around Rs 1,450 levels.
 
FDC has exhibited a smart breakout on strong volumes and is expected to move to an immediate target around Rs 103 levels and can be bought with a stop loss of Rs 92. The stock has a very strong base around Rs 80 and Rs 85 levels and this is expected to go in the medium term to further high around Rs 115 levels.
 
JK Cement is also in a breakout mode after moving past the old resistance which was around Rs 340 levels. The stock is headed in the short-term to a target around Rs 368 levels and can be bought with an immediate stop around Rs 348. In the medium-term JK Cement could head higher to between Rs 390 and even up to Rs 400 levels.
 
Navneet Publications has had a very strong breakout above the old resistance which was around Rs 60 levels. The stock has a very strong base around Rs 52-55 levels. In the immediate term Navneet Publications can move to a target of Rs 73 and can be bought with a stop loss of Rs 64. The base formation can propel Navneet to around Rs 85 levels in the medium-term.