Bull's Eye: Short Essar Oil, SAIL, Adani Enter; pick PFC

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Bull's Eye: Short Essar Oil, SAIL, Adani Enter; pick PFC

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.

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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, Nooresh Merani of AMSEC Research and Abhishek Agarwal of Fortune Interfinance battle it out for top honours.

Below their top stock picks and analysis:

Aashish Tater of Fort Share Broking

I am going short on SAIL for an intraday target of Rs 108.50. I feel this particular stock does not deserve the valuation it is trading on because of rising interest rates the cost of capital is going up. And in such scenario commodities cycle with downtrend should go and trade at lower levels and lower multiples. So we feel enterprise to EBITDA level right now it's trading at, should get corrected further. We have a medium to long term target of close to Rs 56 where portfolio players should be actually looking to enter into the stock between Rs 56-70 odd mark.

One can short Hindalco for an intraday target of close to Rs 131.50. The rational being the same as of SAIL. We do not see immediate demand pick up but input pressure margins on the metal pack and we feel the stock should go and weaken further to Rs 115 levels.

Amar Remedies has got tremendous potential and has been a start performer when it comes to returns. The stock has been giving slow returns from Rs 94 odd levels and it is right now currently trading around at Rs 123-125 mark. We have an intraday target of Rs 132 and a long term bet on the stock for a target of close to Rs 200 mark.

I am going short on Adani Enterprises with an intraday target of Rs 445 with a stop loss of around Rs 472.