In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Wealthmax shares his trading strategies for the day.
One can go long in Sona Koyo Steering Systems. This stock was buzzing in activity yesterday, volumes were pretty heavy and the stock closed at a multi-year high. We believe that the outperformance which has been seen in this stock for last couple of weeks could continue further and it could still be an outperforming stock even from current levels.
One can go long in NOCIL. The stock gave a fresh volume breakout in yesterdays trading session. Very strong volume action was seen in it yesterday and the stock closed again at multi-year high.
One can go long in Amtek India. The stock went up very smartly about 2-3 months back upto levels closer to Rs 135. This is one of the better auto ancillary stocks. The kind of volume action, the kind of delivery action that has been seen in the stock in last couple of days, we believe that stock could be an outperforming stock in today's trading session as well.
One can go long in 8K Miles Software. We believe that the stock has been gradually going up by about 3-5 percent in a day. Volumes have been strong, the appetite of domestic funds still remains strong for this stock and we believe that the stock is headed to levels closer to say between Rs 380-395 in coming weeks.
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