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Bull's Eye: 12 stocks you can bet on Nov 4
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.
This week, Aashish Tater of Fort Share Broking, Nooresh Merani of AMSEC Research and Abhishek Agarwal of Fortune Interfinance battle it out for top honours.
Below their top stock picks and analysis:
Aashish Tater of Fort Share Broking
I would like to go short on Bharti Airtel . We do not expect more than 3% Q on Q increase in terms of bottom line and more than 4.5% increase in terms of top line on this stock. I have an intraday target of close to Rs 385 on to the stock.
I would like to short Sun TV . The result posted by the company has been okay types and we do not see any upside momentum on to the stock for today. I am shorting for an intraday target of Rs 369.
I would go long on Amar Remedies with an intraday target of Rs 129. We feel the stock has given a breakout with huge volumes on yesterday's trade. The stock could go and take medium term levels of close to Rs 145 to Rs 160 levels. We are bullish on the stock from a longer term target of Rs 200.
I would like to go short on Steel Authority India Limited (SAIL). It has been a disastrous set of numbers from company's point of view and we do not feel that the company will be able to come out of woods even from the next quarter. We feel the stock will go and test Rs 80 in medium term. People who are looking to go long with the stock from portfolio perspective, I think there will be better chance of entering at much lower levels than current levels.