In CNBC-TV18's popular show Bull's Eye, Manas Jaiswal of manasjaiswal.com shares trading strategy of the day.I have a buy call on Shree Renuka Sugars. The stock made a strong base near Rs 7, it bounced back sharply and broke the resistance of Rs 8 with higher volumes. So we may see further upmove. It can test its 50-day moving average (DMA) which is placed near Rs 9.50 which is our target and stop loss is Rs 8.United Spirits took support near Rs 3,000 and bounced back sharply, it broke its 200-DMA with higher volumes. So we may see further upmove. It can test Rs 3,450, one can buy it with a stop loss of Rs 3,280.Just Dial for the last 7-8 trading sessions is facing a lot of resistance near Rs 990 but yesterday it broke that resistance with higher volumes. So we may see a sharp upmove, it can test Rs 1,040. One can buy it with a stop loss of Rs 984.Few days back KCP took support near its 200-DMA and bounced back sharply. It broke the resistance of Rs 79 with higher volumes. So we may see further upmove. It can test Rs 87, so one can buy it with a stop loss of Rs 77.
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