Buy Redington, Geometric Soft, Escorts: Tater

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

Buy Redington for a target of Rs 79.25 and 82 with stop loss of Rs 72.50. The stock has been able to cross a hurdle level of Rs 78 and then it cooled off. We feel in today’s trade there would be a likely momentum even going forward where the targets would be achievable from short-term perspective. So remain long on this stock. Buy Geometric for a target of Rs 116 and stop loss of Rs 111. It is also a technical call from our side and thus we feel that eventually the stock would go and test Rs 122. However, for positional stop loss would be somewhere around Rs 109.80. So this stock could be traded even from short-term angle. Buy Escorts for a target of Rs 66 and stop loss of Rs 62.50. This has been a fundamental pick and we feel at current levels there is hardly and downside of this particular stock. Since the promoters of the company have been buying its good bet given that promoters itself is showing lot of confidence that too at Rs 76-77 levels. Buy Jain Irrigation with a target of Rs 72.25 and stop loss of Rs 69.25. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.