Buy Future Retail, Tata Comm, FDC: Paras Bothra

In CNBC-TV18's popular show Bull's Eye, Paras Bothra of Ashika Stock Broking shares his trading strategies for the day.

For Future Retail I am going to revise my stop loss to Rs 88.50 with a target of Rs 95 and for Reliance Communication with a stop loss revised at Rs 132 and the target remains the same at Rs 142. The reason for carrying both the stocks is that yesterday the cost of rollover has moved up and there was good open interest addition and the volumes were also good.

In Tata Communications the cost of rollover has moved higher and at the same time open positions have been built and that is indicative of the fact that probably long built-up is there in the Futures side. So I am going to buy Tata Communications with a stop loss of Rs 303 and a target of Rs 320.

The fourth stock which I am going to introduce into my portfolio is FDC. This company has products like Electrol and other distinguished products which are sold as an OTC product and the company is doing reasonably well. If you look at the balance sheet they have strong cash and cash equivalent in their balance sheet.