Go long in Jaiprakash Associates: Aditya Agarwal

Aditya Agarwal of Way2Wealth.com told CNBC-TV18, "Jaiprakash Associates is trading on a very narrow band for last couple of days. Now we are seeing some long positions getting built up in the stock. But on the higher side, Rs 41 remains the resistance. If that is broken then we can expect a good pullback and in that case, the stock may touch Rs 45 levels."

"Overall this stock is looking good for making long positions, Rs 45-48 will be the target in JP Associates but stoploss will be pretty much vague at Rs 37 for all the long positions," he said.

Disclosure: He has advised the stocks to his clients, so they maybe having some position but personally he does not hold any positions.