Buy Educomp, Yes Bank, United Breweries: 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 a fundamental bet that we recommended around at Rs 140 mark - Educomp Solution for a target of close to Rs 192 mark from next three-four days perspective. The stock has made multiple bottoms around at Rs 165-166 levels and we feel if the closing basis Rs 165 is not breached then the stock will eventually break Rs 178-185 and will go and test that Rs 192 odd mark. Even from fundamental perspective, we have given thumbs up to the stock because of its FCCB getting substituted with ECB and fresh investment coming from promoter’s side - we feel there could be good upside on the stock even from current levels. I am going long on Yes Bank. We estimate very good quarterly set of numbers for this particular stock. We feel this stock could go and test Rs 354-355 rupees in today’s trade itself because of the good numbers that we are expecting. Any surprise on this number even from our expectation would see the stock testing that Rs 366 odd mark from next three-four days perspective. One can go long on this particular stock with a closing stop of around Rs 333. It’s a technical call from my team. I am going long on United Breweries Holdings for a target of Rs 89.50 with a closing stop of around Rs 84.80. We are going long on Polaris for a target of Rs 118 with a closing stop of around Rs 112. The stock made the similar patterns that were visible into few other stocks - likes of MphasiS. Though we are not fundamentally bullish on these kinds of companies but given the pattern, our technical team believes that the stock would go and test Rs 118-122 from next two-three days perspective.