Bull's Eye: Short Havells, RComm; buy IGL, IFCI

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, Jagannadham Thununguntla and Sharmila Joshi battle it out for top honours.

Below their top stock picks and analysis:

Aashish Tater, Fort Share Broking

Short Havells with a target of Rs 358 and keep a stoploss at Rs 404.8

I am shorting Havells India. We feel this stock is having a technical downtrend and the stock should go and test Rs 320-340 in the medium term.

Buy Gujarat Fluorochemicals with a target of Rs 411 and keep a stoploss at Rs 376

I am going long on Gujarat Fluorochemicals for an intraday target of Rs 411 with a strict stop loss of around Rs 376 odd. If I see a technical position into this particular stock the stock has got oversold and is showing some sign of recovery so we feel this is one stock which can be looked down fundamentally too so for an intraday target of close to Rs 411 one can go long on to the stock.

Buy Siemens with a target of Rs 700 and keep a stoploss at Rs 648

I am going long on Siemens for a technical target of close to Rs 700 odd with a strict stop loss of Rs 648.

Short Bata with a target of Rs 500 and keep a stoploss at Rs 568

I am going short on Bata India for an intraday target of Rs 500. We have come out with a semi put on Bata India in the similar fashion the way VIP Industries has corrected we feel there is a significant amount of correction due in Bata India too so we feel the stock should go and test Rs 450-480 odd mark in the short-term and one can go short on this particular stock on every rise on spread basis.

Jagannadham Thununguntla, SMC Global

Buy Deccan Chronicle with a target of Rs 40.7 and keep a stoploss at Rs 38.1

Buy Deccan Chronicle with a day target price of Rs 40.70 as the stock has been battered very badly and there is a chance of technical bounce and this is a time when the market will start looking at some of the value that is lying in some companies. Deccan Chronicle is a strong player in south in terms of in every matrix you see be it in the business daily or in general daily and also the company’s presence in the Deccan Chargers should be added incentive to the stock. The stock is selected with a day target price of Rs 40.70 paise.

Buy IFCI with a target of Rs 22.9 and keep a stoploss at Rs 21.3

Second pick is IFCI with a day target price of Rs 22.90 paise. The stock has fallen one way all the way from Rs 50-60 levels to Rs 20 levels. There is a chance of some technical bounce in the stock. There were concerns about some corporate governance issues from the CEO side but all those negative factors are already been factored into the stock. There is good chance that the technical bounce in the stock with a day target price of Rs 22.90 paise.

Short United Spirits with a target of Rs 572 and keep a stoploss at Rs 606

Sell McDowell with a day target price of Rs 572. The Kingfisher related issue is hunting the group and any bank guarantees or any kind of support the Kingfisher can put on McDowell as a company and as a stock. Till the time the Kingfisher problem goes it maybe difficult for the group companies to outperform the market. The stock is selected with a day target price of Rs 572 on the sell side.

Short PFC with a target of Rs 129.6 and keep a stoploss at Rs 136.8

Sell PFC with a day target price of Rs 129.60 paise. The stock is selected as there were concerns about the health of the stake electricity boards after the Haryana state electricity board has indicated about the debt restructuring and there are concerns about maybe the similar request may come from other states like Tamil Nadu. The stock is selected as REC and PFC both have been under pressure with a day target of price of Rs 129.60 paise.

Sharmila Joshi, Fairwealth Securities

Short Reliance Communications with a target of Rs 65.5 and keep a stoploss at Rs 68

I start the week by selling Reliance Communications. This I sell with a target of Rs 65.5 and stop loss at Rs 68. Overall there will be continued weakness on the telecom space given the kind of news flow that surrounds the 3G license and perhaps a little more negative on Reliance Communication given the fact that they have an FCCB issue and whether it will put their tower sale business also in some kind of a problem so Reliance Communication for me would probably be the weakest stock within the pack.

Buy Ambuja Cements with a target of Rs 161 and keep a stoploss at Rs 154.5

Buy Ambuja Cement because we have seen the cement stock show great resilience in a weak market and they knew highs and the high that Ambuja Cement made of Rs 165 the 52 week high is likely to cross that very soon. This I buy with a target of Rs 161 and stop loss at Rs 154.50.

Buy Opto Circuits with a target of Rs 215 and keep a stoploss at Rs 206

The stock in medical equipment space, this I buy with a target of Rs 215 and a stop loss at Rs 206. We are seeing improved revenues from the company post their acquisition of Cardiac Science Corp (CSC) as also there are other bits are contributing very nicely to the topline so the stock is worth looking at, at this point in time.

Buy Indraprastha Gas (IGL) with a target of Rs 381 and keep a stoploss at Rs 366

Indraprastha Gas is a buy, this I buy with a target of Rs 381 and stop loss at Rs 366. It’s a sector that I like whether it’s a Gujarat Gas, Petronet LNG, Indraprastha Gas. I think the outlook for CNG gas is what makes me positive on this space and we are going to see improved volumes and better numbers from all these three companies.