Buy GMR Infra, Jaypee Infra, Peninsula Land: Pankaj Jain

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

One may go long in GMR Infrastructure. The stock has been consolidating within a range of Rs 21-23 and on Friday the stock moved up very smartly with very heavy volumes. It almost closed near to its recent highs. We believe that it is a serious contender for very smart outbreak from current levels. Taking that into consideration we have gone long on GMR Infra.

One may go long in Jaypee Infratech. Infra stocks had been languishing at the lower end for many years. Recently in last 4-5 months we have seen a smart move. The stock has been steadily moving up from levels closer to Rs 16-16.5 to current levels with intermediate rounds of profit booking. The stock could move up very smartly in today's trading session and in coming trading sessions. That is why a long call on Jaypee Infra.

One may go long in Peninsula Land. In selective midcap realty stocks there have been some heavy positive moves and Peninsula Land carries some good cashable land banks in and around Mumbai. We believe that with kind of momentum, kind of volumes that are being seen in the stock, it could be headed to levels between Rs 50 and Rs 55 in next 2-3 weeks.