Bull's Eye: Buy Biocon, Bata; short HCL Tech, Yes Bank

ALSO READ See what other Experts & Brokerages are saying about Hexaware Tech See messages about Hexaware Tech

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, AK Prabhakar, SP Tulsian and Ashish Kapur battle it out for top honours.

Below their top stock picks and analysis:

SP Tulsian, sptulsian.com

Buy Hexaware Technologies with a target of Rs 86 and keep a stoploss at Rs 80

My first stock for the day is a buy call on Hexaware with a day target of Rs 86 and stop loss of Rs 80. IT sector is likely to remain in focus today and hence a buy call and apart from that stock seems to have bottomed out and stock looks good at the level from a days point of view and hence a buy call.

Buy Biocon with a target of Rs 268 and keep a stoploss at Rs 253

Buy call on Biocon with a day target of Rs 268, with stop loss of Rs 253. In fact in the last one week, we have seen stock getting severely corrected to as low as Rs 240, which is seem to have huge built up, short built up seen in the stock and the stock also has become under owned and now for the last couple of days we have been seeing a value buying at the lower level and the trend is likely to continue and hence a buy call.

Buy Bata with a target of Rs 560 and keep a stoploss at Rs 530

Buy call on Bata India with a day target of Rs 560 and stop loss of Rs 530. The stock seem to have corrected largely because of the selling seen of a large investor due to the margin call pressures and that has resulted in counter going heavily oversold and now for the last 2 days, we have been seeing renewed buying interest coming back in the counter, coupled with short covering and the same trend is likely to continue and hence a positive call.

Buy HCL Tech with a target of Rs 410 and keep a stoploss at Rs 386.

Buy call on HCL Technology with a day target of Rs 410 and stop loss of Rs 386. In fact the positive view on the IT sector is continue to remain and HCL Tech, which is showing a good trading volatility, it makes or give an opportunity to buy now at the current level from a short-term point of view and hence a buy call.

Ashish Kapur, Investshoppe

Buy Oriental Bank of Commerce with a target of Rs 236 and keep a stoploss at Rs 219

In this market with so much of pessimism floating around, it is best for investors to focus on stocks where the value has got beaten down so badly that the downside fairly limited and the upside very interesting. We feel that Oriental Bank of Commerce is looking oversold. It has reached a very important level from where it normally reverses. So for the near-term we can buy with a target of Rs 236 and stop loss at Rs 219.

Buy VIP Industries with a target of Rs 81 and keep a stoploss at Rs 73

VIP Industries' valuation has reached attractive levels after a very long period of time. At the present level it is a very good opportunity for long-term investors to buy into one the fastest growing companies in the midcap space and the growth is normally (check) going to come from the luggage segment, but also the various new segments like ladies handbags --- recently. So for the day, we have a target of Rs 81 with a stop loss at Rs 73.

Short Ultratech Cements with a target of Rs 1075 and keep a stoploss at Rs 1143

Short Ultratech with a target of Rs 1075 and a stop loss at Rs 1143. Going short on Ultratech is basically because this stock along with the other some stocks in the cement space have so far held out, but given the fact that the market is quoting at a very low PE multiple now. The present scenario does not justify the high PE multiple which Ultratech and some other cement stocks enjoy. So we feel it's a matter of time before selling starts emerging in these stocks.

Short HCL Tech with a target of Rs 375 and keep a stoploss at Rs 403

Short HCL Tech. Again, IT is one sector where we have seen very little selling coming in so far. The sector withstood the selling mayhem mainly because of depreciation in rupee, which will benefit IT stocks and also relating (check) to the market the PE of this sector is still high. Selling has already started in stocks like HCL Tech, so we feel that either investor who has bought into this company can book profits and aggressive traders can go short, for a day we have a target of Rs 375 with the stop loss Rs 403.

AK Prabhakar, Anand Rathi

Buy GSPL with a target of Rs 90 and keep a stoploss at Rs 83.7

Buy GSPL with a stop loss of Rs 83.70, target on the higher side will be Rs 90. If it sustains above Rs 84 level, a sharp rally is possible in this stock.

Short Yes Bank with a target of Rs 227 and keep a stoploss at Rs 247

Sell Yes Bank, where we have a stop loss of Rs 247. Target on the downside will be Rs 227. Banking is one sector where last two days we have been selling and today also we will concentrate more on selling banks.

Short Central Bank with a target of Rs 68 and keep a stoploss at Rs 77

Sell Central Bank with a stop loss of Rs 77, target on the downside of Rs 68. This also has made the stock look weak on chart and banking due to fiscal slippage is looking very weak and we have seen banking stocks correcting aggressively in the last few days.

Short Jubilant Foodworks with a target of Rs 680 and keep a stoploss at Rs 736

Sell Jubilant Foodworks. Consumption story stock where people are over leveraged and there can be huge correction from present level with Rs 736 as a stop loss, target on the downside will be Rs 680.