Aashish Tater of Fortunewizard.com told CNBC-TV18, "We expect Syndicate Bank to report a very week set of numbers and thus we feel that this could be a perfect short for a target of close to Rs 70 and Rs 66. If you see last quarter performance we expect similar performance to be reported even this time. The way IOB has actually shaped out we feel there will be further pressure in these kind of banks. So, this is one safe short from our side. First target is Rs 70 and Rs 66. So, that can give you 6-8 percent return by the time the result is out on Monday."
He further added, "JSW Energy is a fundamental bet. We expect the company will post good results and we expect that the stock will see lot of short covering. The stock is right now under pressure because of the Adani Power results and that is why the stock has tanked."
"This is a good opportunity even for long term shareholders for a target of close to Rs 70 odd mark. With result which is expected to be reported on Monday it will have a gap up of atleast 6-8 percent. So, this is one stock which always gives you a swing of 6-7 percent. You can go and take either call or direct long in this particular stock where we expect the stock should open around Rs 48.50-49 levels."
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