Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "My first call is on Jaiprakash Associates where stock has made a firm base near to Rs 23 and today it has broken an important resistance of Rs 26.50. It has given a confirmation of higher top and higher bottoms on the daily charts. So, I think we may see further recovery. It can test Rs 30 in next one or two trading sessions. So, that is the target and stoploss should be Rs 26.”
He further added, “Indiabulls Real Estate has given a triangular breakout on the daily chart as it has broken its 200 day moving average also with good volumes. So, I think the stock has potential to test Rs 76 in next one or two trading sessions. So, one can buy IB Real Estate with stoploss of Rs 70.”
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