Buy Venkys, Mercator, sell Vedanta: Manas Jaiswal

In CNBC-TV18's popular show Bull's Eye, Manas Jaiswal of manasjaiswal.com shares trading strategy of the day.Venkys is making higher tops and the higher bottoms on the daily chart, yesterday it witnessed good buying interest at lower levels. We may see further upmove, it can test Rs 650, so one can buy it with a stop loss of Rs 560.Mercator is making higher tops and higher bottoms. A few days back, stock broke its 200 day moving average (DMA) also. Yesterday it broke the resistance of Rs 22.50 with very good volumes. So we may see further upmove, it can test Rs 26 so one can buy it with a stoploss of Rs 22.We witnessed good buying interest yesterday in Greaves Cotton. The stock is making inverse head and shoulders pattern on the daily chart and right now it is trading near to the neckline. Looking at the pattern, it can break the neckline, it can test Rs 145 so that is our target, stop loss should be Rs 130.Vedanta is making lower tops and lower bottoms but for the last seven-eight trading sessions, the stock was taking some support near Rs 140. Yesterday it broke that support with higher volumes, so we may see further downside. It can test Rs 130, so one can go short with a stoploss of Rs 139.50.