Buy Indiabulls Power, Anant Raj, Voltas: 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 Indiabulls Power for a target of Rs 10 with a stop loss of Rs 9.15. I am going long on Anant Raj for a target of Rs 70 with a stop loss of Rs 65 on closing basis. Yesterday we saw the stock breaking above that Rs 65 odd mark and now we feel that from next three to four days perspective if someone keeps a technical snapshot of Rs 62-63 levels likely possibility of a target of Rs 76 and eventual target of Rs 86.50 is on the cards. Fundamentally this is one company which is a definite bet in the real estate space on long side, thus one can even buy on dips. I am going long on Voltas for a target of Rs 85 with a stop loss of Rs 80 on the stock. Voltas is vibrating between Rs 76 on the lower side and on higher end it is facing resistance around at Rs 85-87 odd mark. Thus one can still expect another 4-5 percent from current levels which we expect can be tested in today’s trade. SpiceJet is another long from my side. It is a fundamental bet. We feel at least 30-40 percent can be made even from current levels on the stock. Thus go long on this particular stock, however for intraday target of Rs 32.10 should be kept with intraday stop loss of Rs 30.