Prefer Essar Ports, Fedders Lloyd, Vedanta: Kiran Jadhav

In CNBC-TV18's popular show Bull's Eye, Kiran Jadhav of Precision Investment Services shares trading strategy of the day.AXISCADES Engineering Technologies has been moving in a sideways zone between a level of Rs 291 and on the lower side of Rs 280 for a long time, almost 8-10 days. And after a decent kind of time correction, we have seen the stock spurt on volumes as well as on price.Essar Ports is a volatile counter, where we have seen the stock rally from a level of Rs 95 to test a high of Rs 130 about a week back. After this we have seen a decent correction and this recent correction is on the second level of correction which is very healthy for a stock after which the stock has again spurted last Friday. I believe we should see a continuation of this big move in the days to come. Fedders Lloyd has made a decent kind of move from the level of around Rs 66-67 to a level of Rs 85, about 10 days back, after which the stock went into a small correction, time correction. Last Friday we saw the stock come back again with volumes and along with the price as well. And I believe this move should continue further. Vedanta is the last pick for the day. The stock in the month of October has given market outperformance and after a decent rally from a level of Rs 82, the stock rallied to make a high of around Rs 120 after which we saw a good correction. A decent correction after which the stock is in a good bull grip and I believe that this will continue.