Buy Fortis Health, DB Realty, OBC: 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 Fortis Healthcare for a target of Rs 105.50 and an eventual target of Rs 110 from short-term perspective. Maintain a stop loss of Rs 101 on the stock. This is one of our Budget picks given that hospital industry would be on focus and we feel there would be some good announcements positive for the sector that would be coming, which would be positive for company like Fortis Healthcare. DB Realty is another long from our side. Go long on this particular stock for a target of Rs 107 and an eventual target of Rs 122 with a closing stop of Rs 99.90. The stock corrected heavily yesterday and tested its significant level of Rs 99.50 and it managed to close above that. We feel a small stop loss on risk reward front the stock looks very attractive and even on fundamental front we are quite positive on the stock. Even the denial has come from the probing committee that they would not be investigating any other firms involved, thus this could see lot of short covering or fresh longs on this particular stock.
Go long on Oriental Bank of Commerce for a target of Rs 320 with a closing stop loss of around Rs 301. Oriental Bank of Commerce was a sell from our side. Around that Rs 340-Rs 330 zone where we maintain that the stock because of its result will come around Rs 300 levels. Now the stock seen achieving our target on downside we feel there is a likely retracement of almost 40 percent from current levels which should take the stock to around the Rs 320 mark. Thus remain long on this particular stock with a closing stop of Rs 301.
Tata Motor DVR is another long from my side. Go long on this particular stock for a target of Rs 171.50 and an eventual target of Rs 173 on intraday basis. Maintain a strict stop loss of Rs 167 on this particular stock.