Buy Hexaware Tech, Essar Oil, Apollo Tyres: Tater

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

I am going long on Hexaware Technologies for a target of Rs 95 with a closing stop of Rs 88. Infosys then Tata Consultancy Services (TCS) both have been giving good results. We feel now those stocks would take a pause and there would be a flavour in the midcap sector thus a long from our side.
 
Essar Oil is another long for a target of Rs 78.50 with a closing stop of Rs 71. We expect good set of numbers from this company and thus one can take a positional call for next two-three days basis. The stock has recently given a breakout. One should keep a stop loss of Rs 71 for a target of Rs 78.50 followed by Rs 85 from next three-four days perspective.
 
Shree Renuka Sugars is third long from our side. We feel Renuka would be in favour today because there is a likely possibility of ethanol decision that might come through in today’s trade or by tomorrow. If anything of that happens then Renuka and other stocks would definitely see a 10 percent jump from current level thus go long on this particular stock for a target of Rs 33 and Rs 35.50 from short-term perspective with a closing stop of Rs 30.
 
I am going long on Apollo Tyres for a target of Rs 100 with a closing stop of Rs 85. The stock has been making very interesting pattern and it is also aligning with the fundamentals because we feel that rubber prices have corrected, company is likely to raise prices by 1-2 percent and they will upgrade in terms of EPS for next year in terms of guidance which will again be a benefit for this particular company.