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, Sharmila Joshi of Fairwealth Securities and Lancelot D Cunha of Sharyans Wealth Management battle it out for top honours
Aashish Tater, Fort Share Broking
Go long on Reliance Communications with a target price of Rs 66 and keep a stpoloss at Rs 64. Expecting a better policy from the government. We feel telecom stocks in yesterday’s trade would see momentum buying even in today’s trade.
Go long on Sintex Industries . It has made a very interesting chart pattern where we feel if someone has a potential to hold with a closing stop of around Rs 51.80 the stock has a target of Rs 60.75 and Rs 66. However go long on this particular stock for an intraday target of close to Rs 55 with a stop loss of Rs 53.20. The second target of Rs 58 keeps on increasing the stop loss with increasing target.
Go long on Century Textiles . We expect a follow up buying even in today’s trade for a target of Rs 285. Subsequently we have a target of Rs 302 on the stock with a closing stop loss of around Rs 278.50.
Go long on Shasun Pharma with a target price of Rs 135 and keep a stoploss at Rs 131
Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.
READ MORE ON Bull's Eye: Buy ICICI Bank, TVS Motor, Pantaloon Retail, DHFL, Aashish Tater, Fort Share Broking, Sharmila Joshi, Fairwealth Securities
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Dont see mkt going anywhere now; like Bharat Forge: Dipen