Bull's Eye: Short EKC, Chambal Fert; buy Redington, HUL

ALSO READ See what other Experts & Brokerages are saying about Amar Remedies See messages about Amar Remedies

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

This week, Aashish Tater, Jagannadham Thununguntla and Sharmila Joshi battle it out for top honours.

Below their top stock picks and analysis:

Aashish Tater, Fort Share Broking

Buy Amar Remedies with a target of Rs 140 and keep a stoploss at Rs 124

Amar Remedies has the potential of testing Rs 178 in the medium-term. One should keep a closing stop of close to Rs 116 from the medium-term perspective there the stock chartically would get weak and should again go and test that Rs 80-85 odd mark. Otherwise the stock has got tremendous potential going forward too. From fundamental perspective the stocks is a definite buy even at current levels. I am going long on the stock for an intraday day target of Rs 140.

Buy Redington India with a target of Rs 82 and keep a stoploss at Rs 70

I am going long on Redington India for an intraday target of Rs 82. We saw huge volumes on the stock which were much higher than 14 days average thus we feel there could be an upside momentum and the stock should go and test its resistance of around Rs 82 odd mark.

Short Bata with a target of Rs 500 and keep a stoploss at Rs 565

I am going short on Bata India for an intraday target of close to Rs 500. Basically this particular stock was used as a concept stock related to Titan and VIP Industries. But since both the stories Titan and VIP Industries but since both the stories Titan and VIP Industries has fizzled out in the short-term we think Bata India could good amount of pain in terms of price correction. We have got a medium-term target of less than Rs 460 on the stock. So, one who is going short on this, should keep a closing stock loss of around Rs 565-568 odd.

Buy Reliance Communications with a target of Rs 78 and keep a stoploss at Rs 68

I am going long on Reliance Communication for an intraday target of Rs 78. There could be some technical development that is happening into the company as reported by various media houses. We feel if this particular development happens the stock should go and get de-rated in terms of valuations which look at distress (CHK) level. So from all point of view RComm is one stock where there is limited downside but potential upside with technical developments actually coming through. Otherwise the stock would be stuck at current range.

Jagannadham Thununguntla, SMC Global

Short Canara Bank with a target of Rs 345 and keep a stoploss at Rs 368

Sell Canara Bank with a day target price of Rs 345 on the back of government decision to increase the borrowing in the bond market by 11,000 crore should put pressure on the bond market and yields are expected to shoot up. So naturally there will be mark to market losses on the bank's portfolios, so the treasury income should see a knock in this quarter. So the stock is selected with a day target price of Rs 345 on the short side.

Short Federal Bank with a target of Rs 327.7 and keep a stoploss at Rs 348

Sell Federal Bank on the back of reason that the government is planning to increase the borrowing by 11000 crore should put some pressure on the bank. The stock is selected with a day target price of Rs 327.70.

Short Everest Kanto (EKC) with a target of Rs 27.1 and keep a stoploss at Rs 30.5

Sell Everest Kanto with a day target price of Rs 27.10. On the back of current market conditions the small caps are under tremendous pressure. The stock is showing signs of breakdown.

Buy Max India with a target of Rs 156 and keep a stoploss at Rs 145

Buy Max India with a day target price of Rs 156. In current market conditions the healthcare companies as a defensive bet, the stock is performing well. Also the IRDA insurance regulations can give opportunity for the company to monetise its assets.

Sharmila Joshi, Fairwealth Securities

Short Chambal Fertilisers with a target of Rs 73 and keep a stoploss at Rs 76.25

I will start by selling Chambal Fertilizer; this is because of the news that came little towards the close of the market about the cap on prices of phosphate, Amonium, Nitrate fertilisers, so Chambal Fertiliser is a stock I sell with a target of Rs 73 and stop loss at Rs 76.25.

Buy HUL with a target of Rs 423 and keep a stoploss at Rs 412

I buy Hindustan Unilver (HUL) with a target of Rs 423 and stop loss at Rs 412. I think both HUL and ITC are going from strength to strength and while HUL has made fresh highs, I think there is enough room still on the upside. So this is a stock that I buy with a target of Rs 423 for the day.

Buy Redington with a target of Rs 77 and keep a stoploss at Rs 73.5

Redington has been a favourite of mine like a quasi consumption play where they are looking to sell high-end IT products and they have marketing rights for that. So this is stock that I buy with a target of Rs 77 and a stop loss at Rs 73.50.

Buy Hanung Toys with a target of Rs 110 and keep a stoploss at Rs 105.5

The fourth stock is Hanung Toys, to add a little flavour of the season largely because they are expecting US to deliver for them and this being one expects this month and this quarter to be good for Hanung Toys. So it is a buy with a target of Rs 110 and stop loss of Rs 105.50.