Manas Jaiswal of manasjaiswal.com is of the view that one may buy Jaiprakash Associates and Unitech.
Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Jaiprakash Associates is continuously taking support near to Rs 23 for last 6-7 trading sessions and today it has witnessed good buying interest. Oscillators are showing positive crossover. It has some resistance near to Rs 25.50 however looking at the pattern I think we may see further recovery. It can test Rs 29 in next 2-3 trading sessions. One can buy it with a stoploss Rs 24."
He further added, "Many of small midcap reality stocks are showing strength today. Unitech has taken support near to Rs 15. Today it has broken its resistance of Rs 16 with higher volumes. Oscillators are showing positive crossover. So, we may see further recovery. It can test Rs 18.50. One can buy it with a stoploss of Rs 15.50."Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.