Buy Infratech, Redington, Autoline: Tater

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

Long Lanco Infratech for a target of Rs 15.25 with a closing stop of around Rs 14.60. We feel the stock would go and test Rs 17.50 given that the promoters are now focusing on monetising their land assets and giving more thrust to their core business which would see the stock getting re-rated for higher levels. Long Redington for a target of Rs 78 with a closing stop of around Rs 72.25. We feel the stock would go and test this level given there is strong market buzz that even Apple would take Redington as their sole distributor for their India operations. This could be a very good boost for the company. Long Autoline Industries for a target of Rs 192.50, we feel this particular stock could be making a very interesting patterns and we have an ultimate target of close to Rs 208 on the stock. So go long on this stock with a closing stop of around Rs 181.60. Short LIC Housing Finance on this stock with a closing stop of around Rs 276.50 for a target of close to Rs 261.