Buy GVK Power, Lanco Infra, IVRCL: Tater

In CNBC-TV18's popular show Bull's Eye, Ashish Tater, Fort Share Broking shares trading strategy of the day.

I am going long on GVK Power for a target of Rs 14. If you take a close snapshot of yesterday’s trade we feel there has been last minute buying into this particular space and that’s why we feel there could be good announcement that we are expecting already from the particular power space and thus all the stocks in this space might have lot of action in today’s trade. I am going long on Lanco Infratech for a target of Rs 14 with a closing stop of around Rs 12.5 with the same rationale that last minute buying plus we expect good set of numbers compared to what market is expecting there is a likely possibility that the stock could go and test approximately Rs 14-14.5 in short-term perspective. So from next 2-3 days angle a stock can give almost 10% returns from current levels. I am going long on IVRCL for a target of Rs 47.50. The stock has seen good last minute buying and that’s why there was a technical buy generated on the stock. But what interests me is there are two players who want to have a part of this company and thus this could result into a fight between the two players which might see open offer getting triggered at much higher levels from current levels. Thus a safe exit would be provided to small shareholders. I am going long on Tata Power for a target of Rs 104 with a closing stop of around Rs 99.