Buy LIC Housing, City Union, Orchid Chemicals: 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 LIC Housing Finance for a target of Rs 242 with a stop loss of around Rs 226. If you see the logic behind recommending something like LIC Housing Finance is because of the inflation cool off which will see banking and non-banking financial companies (NBFCs) in momentum in days to come on expectation of rate cuts more than 25 bps which will be positive for stocks like LIC Housing Finance and other NBFCs.
I am going long on City Union Bank for a target of Rs 58 with a stop loss of Rs 54.
Short Reliance Communications April futures with a target of Rs 80 and a stop loss at Rs 88.
Buy Orchid Chemicals with a target price of Rs 71 and a stop loss of Rs 66.