Bull's Eye: Short MTNL, SAIL, Hindalco, buy Castrol

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

This week, SP Tulsian of sptulsian.com, Aashish Tater of Fort Share Broking and Lancelot D Cunha of Sharyans Wealth Management battle it out for top honours.

Below their top stock picks and analysis:

SP Tulsian of sptulsian.com

My first call for the day is a sell call on MTNL with day target of Rs 28.50 and stop loss of Rs 31.10. The sell call has been given on the stock largely because no hopes of restructuring or maybe kind of land sales etc on which the stock has been moving up for last one week and  now seems to have been dashed off because now government will not dare to be aggressive or will be carrying out any kind of this move in the company. This company we all know that financially posting huge losses and a very weak stock in the telecom sector. Technical weakness is seen building up in stock and hence a sell call has been given.

Second call for the day is again a short call on NCC with a day target of Rs 52 and stop loss of Rs 57. We have been witnessing profit booking in all the infrastructure stocks which have risen in last one month on the fear that government may not push very aggressively the in infra space in the time to come because of the concerns going ahead for the supports as well as oppositions from the other ruling parties. Hence technical weakness is seen building up in the stock and hence a sell call.

Third call for the day is a short call on GMR Infra with a day target of Rs 25.50 and a stop loss of Rs 27.40. Again the theme is the same. Weakness in the infrastructure stocks, profit booking is seen being made by the market and technical weakness is seen building up in the stock and hence a short call.

Fourth call for the day is a short call on Pantaloon Retail . In view of Samajwadi Party coming alone of its own in UP and Congress is not supporting or they don’t need support of Congress, the hopes of FDI in retail now seems to be a distant dream and is not likely to happen because even the Samajwadi Party is likely to oppose the FDI in retail on the lines of the Trinamool Congress. Hence huge negative pessimism is building up in the stock coupled with the long liquidation, profit booking and hence a negative call.