Buy Adani Power, SKS Micro Finance: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Adani Power is making lower-tops and lower-bottoms on the daily chart but today it witnessed good buying interest at lower level. It is making a morning star pattern on the daily chart. Oscillators are showing positive crossover and you can find positive divergence on relative strength index (RSI). We may see a sharp upmove, it can test its 200 day moving average which is placed at Rs 48.50. So that is our target and stoploss should be Rs 44.30."

"SKS Microfinance has taken support near to 50 day moving average few days back and thereafter it started making higher-tops and higher-bottom. It broke the intra day resistance of Rs 357 on the weekly charts and is still making higher-tops and higher-bottom. So it is possible that the stock can test its November high of Rs 374. So that is our target and stoploss should be Rs 354," he said.