Go long on JM Financial, IRB Infra; sell HDIL: Tater

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

One may go long on JM Financial for a target of Rs 29 and a stop loss of close to Rs 28. We feel JM Financial could be in focus in today's trade and in days to come and an eventual target of Rs 30 is likely achievable with a closing stop loss of around Rs 27.90 on closing basis.
One may sell Housing Development and Infrastructure (HDIL) where we feel a target of close to Rs 39.50 is likely achievable with a stop loss of Rs 42.70 on the closing basis. We have an eventual target of Rs 36 on the stock.
One may go long on IRB Infra for a target of Rs 103.50 and a stop loss of Rs 98.50 on the stock. Dena Bank has target of close to Rs 76.50. It is available at a very attractive dividend yield and thus can be looked upon from medium to long term perspective too.