Buy Shree Renuka, DCB, Cox & Kings: Tater

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

I am going long on Shree Renuka Sugars for a target of Rs 38.50 from short-term perspective, however for intraday target we are going long on this particular stock for a target of Rs 37.40 with a closing stop of around Rs 35.20. We feel this particular stock would be a very good bet from medium-term perspective given the sugar cycle is on uptrend and thus this stock is recommended.

I am going long on Development Credit Bank for a target of Rs 46.50 with a closing stop of around Rs 43.75. The stock has been making very interesting patterns between Rs 43 and Rs 49 zone and we feel eventually this particular stock would go and cross its previous highs. Given its lucrative valuations on branch per cost in terms of market cap this could be one bet from a long-term perspective too.

I am going long on Cox & Kings for a target of Rs 155. The festival seasons are around with rupee strengthening. There is a likely possibility that companies like Cox & Kings and Thomas Cook get benefited. Go long on this particular stock from a short-term perspective of a target of Rs 155 with a closing stop of around Rs 136.