Buy SpiceJet, Kingfisher Airline, Jet Airways: Tater

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

I am going long on SpiceJet for a target of Rs 37.50 with the stop loss of Rs 30.50. This is one stock where we feel at least 30-40 percent return can be made from short to medium-term perspective. Looking at Jet Airways’ deal, we feel this is attractive at current levels thus one can go long on this stock from next two-three months where we feel a target of Rs 40 is likely achievable in the short-term I am going long on Kingfisher Airlines for target of Rs 7.15. We feel target of Rs 8 is achievable with positional stop loss of Rs 6.5. However, intraday, go long on this stock with stop loss of Rs 6.8 and target of Rs 7.15. I am going long on Jet Airways. Though the deal announce will not trigger any open offer and this could be a smart exit for people who were looking to buy before news. We have recommended the stock from Rs 400 odd levels where we expected a deal to happen somewhere between Rs 750-828 and now the deal actually happening around Rs 754, we feel the stock could test Rs 645 where all the position should be closed. Go long on this stock and exit between Rs 645 and Rs 660 with stop loss around Rs 570 the target of Rs 645 is achievable in today’s trade. I am going long on Anant Raj with stop loss of Rs 65.50 and target of Rs 70 on the stock.