In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Wealthmax shares his trading strategies for the day.
My first call is long call on Archies. Stock sometime back moved very rapidly from zone of Rs 19.20 to Rs 31.32. Smart volume action was seen in the stock, volume breakout momentum is back into the stock and stock could again rally in today’s trading.
Second is long call on PC Jeweller. Very smart volume action was seen in the stock and very strong volumes were seen in the stock. Stock moved very rapidly about 12 to 14 percent. It is one of the good stocks. We believe that the momentum could be on in to today’s trading as well and stock could move further up.
Hexaware Technologies corrected very sharply. Though fundamentally stock is a very strong bet it’s been giving very healthy dividends, performance is been very steady and stock has been again inching upwards and volumes actions was very strong in yesterday’s trading session. We believe that stock could again be inching back to levels closer to Rs 205-210.
Dolphin Offshore closed at almost at a new 52-week high. The kind of momentum stock is carrying, the kind of queries we are seeing for the stock believes that stock could be in zone of Rs 200 plus in coming week.
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