Buy India Cement, Pantaloon Retail, Voltas: Doctor

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

Buy India Cements with a stop loss of Rs 87 and target of Rs 96. India Cement has broken out of its resistance which is there in the Rs 90 zone. The stock has had a range between Rs 80 and Rs 90 for the last several months and now is indicating an immediate target of Rs 97.
Buy Pantaloon Retail with a stop loss of Rs 199 and a target of Rs 227. Pantaloon has broken passed the immediate resistance which was there around Rs 200 mark. The stock has developed very strong momentum and is headed higher to a target of Rs 227 in the immediate term. In the medium-term the stock could be testing 52 week high which is around Rs 240 levels.
Buy Voltas with a stop loss of Rs 129 and target of Rs 139. Voltas has broken passed its resistance which was there around Rs 130 mark and has made a fresh 52 week high. The stock is headed higher to immediate target around Rs 139 mark and can be bought with a stop loss around Rs 129.
Sell Hindalco Industries with a stop loss of Rs 120 and target of Rs 114. Hindalco has been struggling to cross multiple resistances in the Rs 120 to Rs 122 zone. The stock has a falling trendline around Rs 120 mark and also has the 200 day average around Rs 122 mark.