Buy Ceat, JK Tyre, DCB: Aashish Tater

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

I am going long on Ceat for a target of Rs 118 with a closing stop of around Rs 110. We feel the particular speculation on markets regarding tyre companies cartelization could not impact much because even in the case of cement companies there were some CCI ruling which was against the cement company but still the companies outperformed based on fundamentals. Long on JK Tyre, this is one stock where we feel there could be another upward moment in today’s trade given that the ruling should not impact much on company’s front. The prices of the raw material is coming down and given that the plant capacity of this particular company. We recommended at Rs 90 levels where we felt promoter are accumulating seeing long term value in it and thus even at current levels it is a buy and we have a short term target close to Rs 123. I am going long on DCB with a stop loss of Rs 43 and a target close to Rs 45.50. DCB has corrected and tested that Rs 43.25 mark where we feel the short term correction is over for this particular stock. I am going long on Tilaknagar Industries. The way United Spirits is hovering and making newer highs we feel there will be lot of momentum in the liquor stocks and Tilaknagar being our one of the top midcap picks in the space we feel there is likely possibility that the stock would get rerated to our eventual target of close to Rs 68-Rs 72 range where we feel one should go and book partial profits on the stock.