Buy Hinduja Ventures, NDTV, Jindal Poly: Jain

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

Buy Hinduja Ventures for a target of Rs 479 and stop loss of Rs 426. What we have seen in this stock on Monday very strong indications of a very strong breakout seen in this stock and we could see a serious northward movement in this stock in next couple of days. Basically Rs 400-410 was a very serious resistance zone and stock had been hovering between those levels for quite some time. What we have seen on Monday with very strong volumes stock closed well above those levels and with the kind of positive indications, RSI indicators I think the positive momentum could continue. Buy NDTV for a target of Rs 79 and stop loss of Rs 72.50. What we have been seeing in this stock for last about 18-24 months this was a very dormant passive stock with a southward bias and in last few weeks we have seen all these media stocks including NDTV giving some kind of positive signals and yesterday we saw NDTV with very strong volumes. It closed on a new 52 week high. The kind of momentums we are seeing in this stock and kind of volume technical patterns we have seen in this stock I think this positive momentum should continue. Buy Jindal Poly for a target of Rs 225 and stop loss of Rs 194.50. For last 2-3 months this stock had been consolidating between levels of say Rs 170-190. This is a strong company with strong credentials, strong fundamentals and the volumes in this stock on Monday were very heavy, almost 14-15 times regular volume and stock closed well past above its resistance zone of Rs 195. There are very strong rumors floating in the market that there could be some big ticket announcements coming from the company. Buy Gujarat Sidhee Cement for a target of Rs 12.60 and stop loss of Rs 11.45. Though the fundamentals of this company are not very strong it is a small cap loss making cement company. One of the promoters of this company is Mr. Jay Mehta better known as husband of Juhi Chawla. But this stock generally tends to gyrate between Rs 10-11 and that has been the zone for last 12-18 months. In last 2-3 days very strong volume action has been seen in this stock and stock closed well past that Rs 11.50 zone. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.