In CNBC-TV18's popular show Bull's Eye, Aashish Tater, FortuneWizard.com shares trading strategy of the day.
Go long on Anant Raj Industries for a target of Rs 87 and eventually Rs 90 with a closing stoploss of Rs 80.
I am going long on Firstsource Solutions, taking a contrarion bet onto the stock with a closing stoploss of around Rs 11.95 for a target of Rs 13. Punjab National Bank (PNB) is a short from my side based on dismal results, we feel the fair value for PNB would be downgraded further and we have a short-term target of close to Rs 700 on the stock. Go short on this particular stock with a closing stoploss of around Rs 762 where the stock was finding lot of hurdle for an intraday target of Rs 727 and 700 eventually in the short-term.
The fourth is also a short from my side, basic hedge because we feel there will be a choppy trade session for today’s trade. Dish TV could go and test Rs 69.80 as a technical target with a closing stoploss of around Rs 74.20.
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