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Jan 31, 2012, 01.21 PM IST
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, Rajesh Agarwal of Eastern Financiers and Pankaj Jain of Sunteck Wealthmax battle it out for top honours.
Below their top stock picks and analysis:
I am going long on Tata Global Beverage . The Starbucks development could be a good interesting development from the company’s perspective. So on intraday basis we feel the stock could go and test Rs 104.80. One should keep a stop loss of around Rs 97.
I am going to short DLF because we feel that there is huge correction that was seen in Shanghai real estate and DLF could be a good short proxy from Indian perspective. We have a target of close to Rs 195 for intraday. One should keep a stop loss of around Rs 212.50 for the trade.
I am going to short HDIL for an intraday target of close to Rs 70 mark with a strict stop of around Rs 80. The rational being same that we feel because of the recent correction into the Shanghai real estate market, there could be short term pain across the Asian real estate stocks. These are good shorting opportunities that we see in the near term.
I am going to short Tata Steel for an intraday target of close to Rs 420 with a stop of around Rs 454. The idea on shorting Tata Steel is firstly if you look, you might be looking for imposing taxes on coking coal which would actually kill the competitive edge of Tata Steel. Also from fundamental and technical perspective we feel Tata Steel has been able to relatively outperform its peers. There was some pressure that was visible even in yesterdays trade, so a good shorting candidate technically for intraday target of close to Rs 420.
Tags: Bull's Eye, Aashish Tater of Fort Share Broking, Rajesh Agarwal of Eastern Financiers , Pankaj Jain of Sunteck Wealthmax, Tata Global, DLF, HDIL, Tata Steel, Fairfield Atlas, STC, Navin Fluorine, Havells India, Crompton Greaves, BGR Energy, OBC, BHEL
Action in Tata Global Beverage
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals