Buy Future Retail, UCO Bank; short Financial Tech: Tater

In CNBC-TV18's popular show Bull's Eye, Aashish Tater of Fortunewizard.com shares his trading strategies for the day.

One may short of Financial Technologies with a stop loss of Rs 208. We feel there are much lower levels and people first of all should be avoiding this particular stock and that is the only reason that I am putting this particular stock. It is a strict avoid till next 15 days at least till the clarity of payment of entire obligation is muted out. One may go long on Future Retail for a target of close to Rs 78 odd and stop loss of Rs 73.50. There was a sharp bounce back from Rs 63 odd levels to almost Rs 79 mark and the stock closed at around Rs 73.60. Thus we feel on a risk-reward perspective this can give Rs 3-4 return with almost a percent stop loss. One may go long on UCO Bank for a target of Rs 61.80. We feel UCO Bank is much better compared to other banks in the PSU space and thus at current levels this can be bought. One may go long on Dena Bank. We feel there is likely possibility of stock getting a sharp bounce back and Dena Bank definitely fits the bill at current levels. Thus this is one stock which can be bought at current levels.