Buy JP Power, GVK Power, Escorts: Aashish 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 Jaiprakash Power Ventures for a target of Rs 38.50 with a closing stoploss of around Rs 35.80. We feel this particular stock has made a very interesting pattern and eventually should go and test that Rs 40 mark where we advise to book profit from short-term angle.
I am going long on GVK Power & Infrastructure for a target of close to Rs 13 from short-term perspective with a closing stop of around Rs 11.8. We feel power utilities will be under good momentum in days to come as we expect some policy developments, which will benefit companies like GVK Power and JP Power, RPower, Tata Power etc both into transmission, distribution space, which will make a lot of sense for people to stay invested from short-term perspective. Escorts is my third long from a short-term perspective for Rs 63.50 with a closing stop of around Rs 60. We feel this particular stock has made a very interesting pattern around that 59-60 mark, thus go long on this particular stock with a closing stop of Rs 60 for a target of Rs 70 from short-term perspective. Dhanlaxmi Bank is another long from my side. I am going long on this particular stock for a target of Rs 60.80 with a closing stop of around Rs 58. We feel this particular stock made a W and now from a short-term perspective, it is going to go to test close Rs 65-66 zone. Thus it is a buy-on-every dip from short-term perspective and on intraday perspective one should maintain a strict stop loss of around Rs 58.