Pankaj Jain of Sunteck Wealthmax is of the view that one may short Rural Electrification Corporation with a target of Rs 318 and Power Finance Corporation (PFC) with a target of Rs 259.
In CNBC-TV18's popular show Bull's Eye, Pankaj Jain of Sunteck Wealthmax shares his trading strategies for the day.
One may go long in Motherson Sumi Systems . With the kind of growth that is coming back into automobile, I think Motherson Sumi along with Bharat Forge would continue to do well and Motherson Sumi could be back to its upward journey very soon.
One may go long in Axis IT&T . This is a midcap software company, taking stronger fundamentals as consideration and the kind of potential the company has, I believe this is a good script to go long for today from a short to medium perspective.
One may short Power Finance Corporation (PFC) with a target price of Rs 259.
One may short Rural Electrification Corporation (REC) with a target price of Rs 318.
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Buy Motherson Sumi, Axis ITT; short PFC, REC: Pankaj Jain
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https://rokokkanker.blogspot.com/2014/07/buy-motherson-sumi-axis-itt-short-pfc.html
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Buy Motherson Sumi, Axis ITT; short PFC, REC: Pankaj Jain
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Buy Motherson Sumi, Axis ITT; short PFC, REC: Pankaj Jain
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