Hold Jaiprakash Associates, says Rakesh Bansal

Rakesh Bansal of RK Global told CNBC-TV18, "I will suggest a hold in Jaiprakash Associates but hold it with a stop loss. It is not a investment stock, as of now it is more of a trading stock. Technically, we might see a big pullback on the charts. I suggest to place a stop loss at Rs 12.40 and hold. Chances of a pullback rally are more. One should keep a close eye at Rs 14.60 on the upside.""I feel that the stock can easily rally to Rs 14.60. If by any chance Rs 14.60 levels on the upside are breached which seems likely also, then we might see rally to around Rs 17-18. If the stock rallies to around Rs 17-18, then one should exit around those levels," he said.