Go long on Aurobindo, India Cements, says Tater

Ashish Tater of FortuneWizard.com advised taking long positions in Aurobindo Pharma and India Cements.
 
Tater told CNBC-TV18, “I am going long on Aurobindo Pharma for a target of Rs 186-192 and an eventual target of Rs 205 with a closing stoploss of Rs 180. Yesterday, the company said that it has got an approval for its unit six which is likely positive for the stock. We have been betting on this particular stock because of this development. We have an ultimate target of close to Rs 225 odd mark from next two months perspective. Thus on risk-reward front this looks pretty attractive. One who is looking for positional target of Rs 225 should keep a stop loss of Rs 175. However, for intraday, I maintain a strict stoploss of Rs 180 and a target of Rs 186.”
 
He further said, “I am going to short Tata Motors DVR for a target of Rs 160 with a closing stop loss of Rs 168. Tata Motors DVR was a pair trade with Tata Motors where we suggested that the gap of Rs 132 would be filled. Now with Tata Motors posting dismal results, we feel the gap would finally be bridged with Tata Motors stabilising around Rs 283 odd mark and Tata Motors DVR around Rs 160 off levels.”
 
“I am going long on India Cements for a target of close to Rs 87 with a closing stop loss of Rs 78.50. India Cement posted better than expected EBITDA numbers but it got missed by markets and we feel the stock would see lot of positive momentum in today’s trade. We are also upbeat on south cement companies where we expect Rs 10 per bag hike,” Tater added.
 
“Short Suzlon from intraday perspective with a closing stop loss of Rs 24-25 and a target of Rs 23 and an eventual target of Rs 19. The stock is posting dismal results and we feel the stock would eventually crack to that Rs 15-16 odd mark in days to come. This is one stock which would be ignored by retail investors.”