Sell Exide Ind, Federal Bank; buy Century Text: Tater

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

Short Exide Industries for a target of Rs 132 and stop loss of Rs 141. The stock has posted a dismal set of numbers and we feel the stock given our estimates would definitely see lot of pressure in today’s trade.
Short Federal Bank. It posted dismal set of numbers much below our expectations and now the stock has formed a technical hammer also in yesterday’s trade. Thus one can go short on this stock for a target of Rs 495 and Rs 478 with a stop loss of Rs 517. However for intraday traders the target is Rs 495 with a stop loss of Rs 515.
Buy Century Textiles for a target of Rs 440 and stop loss of Rs 414.
Buy Apollo Tyre with a target of Rs 100 and stop loss of Rs 85.