Buy RIL, JSW Energy, DCW: Tater

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

Buy Reliance Industries for a target of 830 and stop loss of Rs 792. We feel the stock has eventually bottomed out technically and thus new developments even on political front would definitely benefit a company like Reliance. Eventually even the gas pricing which is up now going to get to market determined forces thus a lot of benefit can be derived even in the longer term for a company like Reliance. Thus go long on this stock from medium term perspective for an eventual target of Rs 875 and stop loss of Rs 792. Buy JSW Energy for a target of Rs 64 and stop loss of Rs 58. We feel this particular stock has shown very interesting chart pattern and has made a very interesting W on charts. Thus we feel the stock could go and test Rs 70 from medium term perspective. Buy DCW for a target of Rs 28 and stop loss of Rs 25. It is a rollover from yesterday’s trade. Remain long on this stock because we feel this could be a good stock to remain invested as the numbers expected are going to be very good and thus this could see lot of rerating in terms of stock as the stock is under owned. Thus go for this stock from short-term perspective for a target of Rs 35 however remain long from intraday perspective of close to Rs 28. Buy IVRCL. Almost a year we have been neutral or negative on this particular stock for a target of Rs 37 to Rs 40. But now we feel almost everything is priced in in this particular stock and that Rs 37 price benchmark which we used to suggest has now shifted to Rs 55 zone thus almost 50 percent upside from current levels but it will take time. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.