Buy Yes Bank, LIC Housing, sell Voltas: Saurabh Mittal

In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal of Swadeshi Capital shares his trading strategies for the day.

I have a buy call on Yes Bank with a target of Rs 515 and stop loss of Rs 497. Yes Bank showed some great results and preferential issue coming out and board meeting coming up on June 08, has kept this stock steady in the last week and that upward move should continue for today.
I have a short call on Voltas with a target of Rs 84 and stop loss at Rs 88. Voltas didn’t have very good results. But it did have a little recovery after the results came out. It was a relief rally which should get sold. I think it should be a good short for today.
I have a short call on Indiabulls Real Estate with a target of Rs 76 and a stop loss of Rs 81. Indiabulls Real Estate has had a decent run but there should be some money taken off the table. Real estate stocks is looking weak, so IB Real Estate should be a short for today.
I have a buy call on LIC Housing Finance with a target of Rs 280 and a stop loss of Rs 270. LIC Housing Finance has had a decent run but it might face some resistance around Rs 280-285 levels – little bit to go there so that should give one return of 2-3 percent for today.