Buy Alok Industries, Aurobindo Pharma, Hexaware: Tater

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

Buy Alok Industries for a target of close to Rs 12 and eventually Rs 17 on this stock. The company has been able to monetize its land assets and we feel this could be a huge positive once the stock is out of F&O. The stock could actually see lot of momentum after the final breakout of above Rs 11.8 thus even from technical pattern any day it closes above that particular mark, it is advisable to go long on this particular stock aggressively.

Buy Aurobindo Pharma. In this we feel there could be a lot of momentum in days to come. We expect US FDA approval for this particular stock for 2-3 drugs which will actually go and re-rate the stock and would go and test that Rs 195 zone in short-term. However, go long on this particular stock for a target of Rs 190 with a closing stop of Rs 174 on intraday basis.

Buy Hexaware Technologies. Here we feel 20 percent can be made in the short-term. Remain long in this particular stock with a swing position of close to Rs 99 on closing basis. However, on intraday basis go long on this particular stock with a closing stop loss of around Rs 103 for a target of Rs 115.

Buy Autoline Industries is also consolidating between a broad range of Rs 150 on downside and Rs 200 on upside. Thus it has come and tested its downside levels thus we feel a sharp U turn can be expected in today’s or tomorrow’s trade. Thus go long on this particular stock with a stop loss of Rs 155 on closing basis for a target of Rs 165 and Rs 180 in days to come.

Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.