Buy Unitech, Anant Raj, Allahabad Bank: Tater

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

I am going long in Unitech for a target of Rs 29.85, with a stop loss of Rs 28.25. Unitech has made a pattern where we feel that the stock will eventually test the target of Rs 31.50. But what is interesting us is that DLF is set to be somewhere between Rs 245 and Rs 255 which will see lot of positive momentum for real estate stocks, thus a long from my side. I am going to short Jubilant Foodwork for a target of Rs 1,082, with a stop loss of Rs 1,150. Jubilant Foodwork is vibrating with Rs 1050 as a lower end and Rs 1150 as a higher end. Till either of the side is crossed we feel there is a likely possibility of the stock again testing that Rs 1050 mark. Thus one can go with a stop loss of Rs 1150 on closing basis to short the stock.
Go long in Anant Raj, we feel a medium-term target of Rs 80 is likely to be achievable in the stock. This is a portfolio bet where we feel this is one stock which is a buy on dip category. Fourth and final call is a buy call on Allahabad Bank with a target of Rs 136 and stop loss at Rs 132.