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Jan 03, 2012, 08.21 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 stocks ideas not just for the day, but stocks that look attractive in the medium-term as well.
This week, SP Tulsian, Nooresh Merani and Aashish Tater battle it out for top honours.
Below their top stock picks and analysis:
SP Tulsian, sptulsian.com
Buy IFCI with a target of Rs 24 and keep a stoplos at Rs 21.95
Buy call on IFCI with a day target of Rs 24 and stop loss of Rs 21.95. The buy call has been given mainly because yesterday delivery based buying of over 1.40 crore shares have been seen on BSE-NSE put together which came at the last couple of hours and this may see the short covering getting covered today and tomorrow and hence a buy call on the stock.
Buy Eros International with a target of Rs 222 and keep a stoploss at Rs 208
Buy call on Eros International with a day target of Rs 222 and stop loss of Rs 208. The company has given it's plans of releases in first half of 2012 where 3-4 block busters are lined up and that has cheered the market and we have seen the renewed interest coming back into the stock in the form of new renewed buying from the informed circle and hence a positive call.
Buy IVRCL Infra with a target of Rs 31 and keep a stoploss at Rs 28.45
Buy call on IVRCL with day target of Rs 31 and stop loss of Rs 28.45. In fact this is the only infrastructure stock which has been holding for last 15 days or so and in fact the delivery based buying on small levels have been seen happening for last 15-20 days largely on the move and hopes that management of the company is serious in monetizing the assets of the company which are held by the company in the form of real estate and investments in other listed subsidiaries and hence a positive call on the stock.
Buy Welspun Corp with a target of Rs 90 and keep a stoploss at Rs 85
Buy call on Welspun Corp with a day target of Rs 90 and stop loss of Rs 85. This company has completed it's one year ban of SEBI and in fact the company has made a private equity placement of it's shares at Rs 225 per share about 3-4 months back and the company in fact had plans to retire it's FCCB liability as also make use of that funds for other purposes and hence market is quite happy to see that in this time of crisis when the companies are all debt ridden this company is having such a huge war chest.
Aashish Tater, Fort Share Broking
Short Reliance Capital with a target of Rs 215 and keep a stoploss at Rs 241
Short call on Reliance Capital. The idea on Reliance Capital is basically a short that we have been suggesting our clients as a better exit at any point of time because each and every quarter that we see the result we get disappointed and we feel the targets are much lower than current levels.
Short Shree Renuka Sugars with a target of Rs 23.85 and keep a stoploss at Rs 25.6
Short call on Renuka Sugar. As we suggested earlier also that the stock actually dwindled right from inflection point of Rs 26.50. Thus we feel the stock is finding very difficult to cross this particular resistance and there is a higher possibility that this time the stock on the lower side will be broken. Thus one can look into shorting opportunity into Renuka Sugar.
Buy GVK Power with a target of Rs 13.45 and keep a stoploss at Rs 12
Long call on GVK Power & Infrastructure. At current market price we feel there could be chances of price correction but fundamentally I do not see any reason why the stock should be trading at Rs 11-12. We have a medium term target of close to Rs 19.75 on the stock
Buy Deccan Chronicle with a target of Rs 34.5 and keep a stoploss at Rs 33.1
Long call on Deccan Chronicle. We always suggest that there is a short term pain in Deccan Chronicle and a long term gain and thus we feel that short term pain is about to get over around at Rs 27-29 odd mark which we feel is the worst case scenario for the stock. The company had a recent buy back at much higher level. So at current market price we see that if someone goes for staggered purchase right from that Rs 27-35 odd mark he will get good returns in days to come.
Nooresh Merani, AMSEC Research
Buy Tata Global Beverage with a target of Rs 94 and keep a stoploss at Rs 87
Buy on Tata Global. The stock has made a good bottoming out formation in the zone of Rs 80 to 85 and over the last few weeks it’s making a small cup and handle pattern with the breakout point around Rs 92.50. Although the stock has not close to breakout but we are taking an entry with an assumption that the stock may breakout over the next few days. At current levels one can keep a stop loss of Rs 87 and positional target price of Rs 100 to 105. My internal target price for the stock is Rs 94.
Buy Eros International with a target of Rs 224 and keep a stoploss at Rs 205
Buy on Eros International. The stock made a number of bottoms in the zone of Rs 180 to 190 in the last few months. As well as yesterday the stock has given a big bullish candle and has closed above it's recent highs of Rs 210. I would expect the current momentum to go up to Rs 230 and this is an extreme short term call with the target price of Rs 230 in the short term. My intraday target price for the stock is Rs 224. So traders may keep a strict stop loss at Rs 205.
Buy Coal India with a target of Rs 320 and keep a stoploss at Rs 305
Buy on Coal India. The stock has made innumerable bottoms in the zone of Rs 285 to 295 although we have been waiting for a breakdown of such levels so that we get an entry point around Rs 270 but yesterday the stock gave a good bullish candle and has closed strongly around Rs 310-313 levels. I would expect this as a turn around and it may well head up Rs 330 to 340 in the short term. As well as the stock remains a good bit for long term. So traders can buy the stock with the target price of Rs 320 in the day and short term target price of Rs 330 to 340.
Buy Reliance Industries with a target of Rs 730 and keep a stoploss at Rs 640
Buy on Reliance. Although it may move up in the short term but it’s a call for medium to long term perspective. If you look at the history of the stock for the last many months or so I would say 2 years, the stock was in the range of Rs 900 to 1100 and a maximum of Rs 1150. This gives a range of Rs 200 to 250 points. Last year it gave breakdown below Rs 900 which gave a target price of Rs 650 to 700. So over the past few months, we have been waiting for such a level to come. Yesterday the stock fell below Rs 700 psychological barrier and it was back in to the territory where it becomes a good risk reward play in the long term.
Tags: SP Tulsian, sptulsian.com, IFCI, Eros International, IVRCL Infra, Welspun Corp, Aashish Tater, Fort Share Broking, Reliance Capital, Shree Renuka Sugars, GVK Power, Deccan Chronicle, Nooresh Merani, AMSEC Research, Tata Global Beverages, Coal India, Reliance Industries
Action in IFCI
May 25 2013, 16:36
- in Technicals
May 25 2013, 16:36
- in MARKET OUTLOOK