Bull's Eye: Buy Axis Bank, ITC, SAIL; short Bata

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Bull's Eye: Buy Axis Bank, ITC, SAIL; short Bata

CNBC-TV18 brings you a brand new week of Bull's Eye. It's the 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.

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CNBC-TV18 brings you a brand new week of Bull's Eye. It's the 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, Sanjay Vaid of SBI Cap Securities and Lancelot D'Cunha of Sharyans Wealth Mgmt battle it out for top honours.

Below their top stock picks and analysis:

Aashish Tater of Fort Share Broking

In Arshiya International if the technical level of Rs 142 is broken then the stock could go and test Rs 120. But we expect a good bounce from end levels with a strict stop loss of Rs 142 levels in a medium-term target of Rs 180. I am playing for an intraday target of Rs 156.

India Glycol is an interesting bet from our side. The promoters have been increasing their stake. Second, the company's performance on bourses have been quite good compared to other peers in the space. Third, the stock because of the crude oil's performance is direct beneficiary as molasses prices are also correcting. We think the stock could give an EPS of Rs 10 per quarter for next two quarters and there is a significant chance that the stock could go and test Rs 180 odd levels in days to come. However, the trade should be closed with a strict stop loss of Rs 111 on closing basis.

I am going long on BF Utilities ; it's a technical call from our side as we expect dead cat bounces and we feel the stock could go and test Rs 420 odd mark with a strict stop of close to Rs 396 odd levels intraday basis.

We are going long on SAIL futures. We saw in last ten minutes somebody bought good quantity of SAIL cash and SAIL futures and the stock has gone and tested Rs 100 and it was hovering around Rs 92. So on closing basis it was around Rs 92.9 and we expect the stock could go and test Rs 96 odd mark in today's trade. However, fundamentally we have not changed our view on steel stocks and we feel the fundamental value would be much lesser at least once the stock should go and test Rs 56-70 broad range in days to come.