Buy Adani Ent, Aurobindo Pharma, JP Associates: Doctor

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

Buy Adani Enterprise. It has started a short-term uptrend after finding support on the 20 day moving average. The stock is headed for immediate target of Rs 227 and can be bought with a stop loss of Rs 217. Adani Enterprises in the medium term could be headed higher to a target around Rs 250-260 levels which is where the long-term 200 day moving average is located. Buy Aurobindo Pharma. It has made a new 52 weeks high on a closing basis. The stock has been in a strong uptrend and is headed higher in the immediate term to a target of Rs 167 and can be bought with a stop loss of Rs 157. Aurobindo Pharma in the medium term could be headed higher to a target around the Rs 175 levels and now Aurobindo Pharma has a strong base around the Rs 145-150 levels. Buy JP Associates. It has been in a medium term uptrend ever since it broke out above the old resistance level around Rs 90 levels. The stock is headed higher to an immediate target of Rs 98 and can be bought with a stop loss of Rs 94. In the medium term JP Associates could be headed higher between the Rs 100 to Rs 102 levels with medium term support now being around Rs 90-91 levels. Short Dish TV. It has been struggling for the last few weeks after making a top around the Rs 80 levels. The stock has been falling on good volumes and is headed lower to around Rs 72 levels and can be sold with a stop loss of Rs 75.5. Dish TV in the medium term could be headed to the target around Rs 68-70 levels which is where the longer-term 100 DMA is located. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.