Buy Aurobindo Pharma, DB Realty, Indiabulls Sec: Jain

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

One may go long on Aurobindo Pharma. Very strong fresh breakout was seen in stocks in yesterday's trading sessions. Volumes were very heavy and upcoming Q2 results are expected to be sort of outperforming results and taking that into considerations, and that stock has moved past that Rs 195-205 range with stronger volumes, it seems that the stock is headed to levels beyond Rs 230 in coming days and taking that into background, we have gone long on Aurobindo Pharma for the day. One may go long on DB Realty. Most of the real estate stocks including bellwether DLF were buzzing in activity in yesterday's trading session and DB Realty we have seen a strong breakout – very strong volumes were seen almost 5-7 times the regular volumes and with the kind of breakout that has been seen yesterday and momentum that was seen in most of these real estate stocks, we believe that DB Realty is headed much higher. One may go long call Indiabulls Securities. On back of very good Q2 results and much better than what street was expecting, IB Securities move past swiftly in yesterday's trading session and the kind of breakout, the kind of volumes and the kind of short-term change in fundamentals that has been seen in the scrip, we believe that scrip could be headed much higher in today's trading session. Steel Authority of India (SAIL) gave a very strong fresh momentum towards the close in last about 30-45 minutes of trading in yesterday's trading session and closed well above its 200 day exponential moving average and 200 DMA, taking that into consideration and taking the kind of movement that has been seen in most of these metal stocks, we believe that SAIL is headed to levels closer to Rs 66.