Buy Oracle Financial, Prestige Estates, Heidelberg: Tater

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

I am going short on Oracle Financial Services Software, for a target of Rs 2,300, with a stop loss of Rs 2,470. After the company announced offer for sale route, we advised our clients to close particular position and also advised to go short on this stock because we feel at current price it is trading at a premium valuation to frontline IT and thus should correct eventually to Rs 2,250-2,300 odd levels. And we have a target of Rs 2,100 once the offer for sale is closed.

I have a long call on Prestige Estates Projects for a target of Rs 182 with a stop loss of Rs 175. It is a technical call and should be traded only on strict stop loss basis.

I am going long on HeidelbergCement India where at current prices there is a likely possibility of 5-7 percent return from short-term perspective. Go long on this stock for a target of Rs 47.40 and a positional stop loss of Rs 45 on closing basis.

I have a long call on Zee Entertainment Enterprises where a target of Rs 255 is likely achievable with a stop loss of Rs 244.

I am short on Adani Power for a target of close to Rs 57 mark with a stop loss around Rs 61.90.