Buy NMDC, GMR Infra, India Cement: Tater

In CNBC-TV18's popular show Bull's Eye, Aashish Tater, FortuneWizard.com shares trading strategy of the day.

I am going long on NMDC Limited for a target of Rs 149.90 and an eventual target of Rs 154. Maintain a strict stop loss of Rs 146 on closing basis. With the inclusion of this particular stock in Nifty 50 from April, the stock should see some 10 percent odd returns from current levels. Thus on risk-reward front, this stock looks attractive. GMR Infrastructure is another long from my side. Go long on this particular stock with a stop loss of Rs 17.90 and an eventual target of Rs 19.20. However, for intraday target, maintain a target of around Rs 18.65.
Go long on India Cement for a target of Rs 89 with a closing stop loss of Rs 81.50. We expect India Cement to report robust topline and this will factor in a better bottomline than what market is forecasting. We feel that beat would be somewhere around Rs 1,122-1,200 crore whereas the average medium forecast is somewhere around Rs 1,000 crore. So this could see a huge short covering in this particular stock because of the topline beat.
Go long on Tata Motors DVR for a target of Rs 174 with a closing stop of Rs 168.50. However, one should use a pair trade strategy on this particular stock. One can even short Tata Motors in a spread of around Rs 135-136 and we expect the gap to bridge to Rs 126 post results. So this could be a safe bet from our side from next two-three days perspective.