Bull's Eye: Buy Dr Reddy, United Spirits; short UCO Bk, GVK

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week, Ashish Kapur of Investshoppe, Vishal Jajoo of Nirmal Bang and Pankaj Jain of Sunteck Wealthmax battle it out for top honours.

Below their top stock picks and analysis:

Ashish Kapur of Investshoppe

Go long call on Century Textiles with a target of Rs 370 and a stop loss at Rs 343. It's a very well diversified company possessing a very good balance sheet and currently doing well in nearly all its segments. Major part of its investment phase is over, so we can expect the company to continue delivering good performance going ahead and moreover this is a market where individual stock picking is paying good rewards. The market is not likely to go beyond a range but individual stocks, which are delivering good numbers are likely to deliver good performance on the market.

Go long call on GMDC with a target of Rs 188 and a stop loss at Rs 173. This is a company now available at a very decent valuations, is relatively under owned because there has been no great interest for the last many quarters. So very good risk reward paradigm here and investors can easily buy this because the downside from here is limited and upside even if it takes a little time, will be very significant and with some interest coming in the previous few trading sessions we believe even for a short term point of view it is a very good trading pick.

Go long on Engineers India with a target of Rs 270 and a stop loss of Rs 249. Because of lack of interest in the public sector space this is a company now will be available at very decent valuations. For the past few trading sessions in line with the stock specific approach, which the market is adopting some interest has come back into this stock. So we feel even for the day this can be a good bet to have and hence we are recommending a long position here.

Go long on Dr Reddys with a target of Rs 1785 and a stop loss of Rs 1650. The excitement in this stock is basically because they expect by June 2012 to sign an agreement with Fiuggi film for entering into the Japanese market and also being in the defensive space it is relatively a safer place to be invested in these uncertain times. Company otherwise also is fundamentally strong, has a huge pipeline on generic products which they keep introducing in various markets. So we feel that it's a very safe bet.