Buy NCC, Jaiprakash Associates: Krish Subramanyam

Krish Subramanyam of Altamount Capital told CNBC-TV18, "NCC has been a very interesting stock and it saw some huge consolidation in the last one-one and a half months. On the weekly chart, the stock made an inverted head and shoulder pattern. We have also seeing some long build up coming up at that area. So, my sense is that any close above Rs 82 probably, this could head right up to levels of Rs 90. One could possibly buy for the immediate short-term for a possible target of Rs 83 and could keep a stop loss of Rs 73.""Jaiprakash Associates has seen some serious actions the last 8 to 10 days. We have seen it consolidating above levels of Rs 5.50, of course it has crashed so much that all these figures are actually miniscule. However, I think one could bet on some sort of rise coming about in JP Associates. I see it going up to levels of Rs 6.30 and one could buy that and can also keep a stop loss of Rs 5.40," he said.