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Aug 28, 2012, 02.54 PM IST
In CNBC-TV18's popular show Bull's Eye, Aashish Tater, Fort Share Broking shares trading strategy of the day.
Buy Opto Circuits for a target of Rs 133 with a closing stop loss of around Rs 124.50. It is a technical call from our end and we feel there is a likely possibility that the stock could go and face its resistance of Rs 136.50 from next 2-3 days perspective.
Short JP Associates for a target of Rs 70 and stop loss of Rs 75. It is also a technical call. We feel the stock could eventually go and test that Rs 62 from short-term perspective.
Short Reliance Infra for a target of Rs 455 because we feel yesterdays breakdown there would be a follow up sell even in today’s trade.
Short Reliance Power for a target of Rs 80. We feel the fundamental value is much lower than what it is trading at and given the technical’s are now supporting the stock on downside, we feel the stock would go and test Rs 70 mark.
Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.
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