Exit Jaiprakash Power, advises Pritesh Mehta

Pritesh Mehta of IIFL told CNBC-TV18, "I think one should exit Jaiprakash Power. In this bull market there are plenty of opportunities available in midcap and largecap stocks. So, there is no point in holding on a counter because the wait in this counter could be very painful. The stock is consolidating between levels of Rs 13 and Rs 14 and strong resistance around Rs 15."

"So, there are plenty of opportunities, take the example of banking space and even the capital goods space. In both these spaces you can make money for at least two to three months," he said.

Disclosure: We might have discussed these trading ideas with clients but have no personal holdings.