Buy Kingfisher, Pantaloon, Shoppers Stop: Jain

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

Buy Kingfisher Airline with target of Rs 13.95 and stop loss of Rs 11.90. There could be short covering and there could be renewed interest in airlines and multi-brand retail stocks. So taking that into consideration I have gone long on Kingfisher. Buy Pantaloon Retail with target of Rs 192 and stop loss of Rs 169 taking the fact that there was some kind of short positions built into the stock we could have a bout of short covering and some kind of long positions being created on the back of this notification. Buy Shoppers Stop with target of Rs 399 and stop loss of Rs 369. Inspite of the kind of choppiness the negative bias with which market closed and these retail stocks were facing the heat, Shopper Stop closed on positive territory after opening deep in the red the stock closed by almost 1 percent and the stock carries much better balance sheet and much better fundamentals on relative basis if we try to compare with other retail stocks like Pantaloon or Provogue and some other stocks. Buy Tribhovandas Bhimji Zaveri (TBZ) with target of Rs 139.50 and stop loss of Rs 126.50. In last three four days there have been serious volume aggression in this stock. Management came out with statement that they would aggressively invest heavily in the company and they would be opening fresh large number of stores in newer cities. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.