Bull's Eye: stocks you can bet on Nov 1

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Bull's Eye: stocks you can bet on Nov 1

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 would like to short Steel Authority India for an intraday target of Rs 110.50. Basically this has been a short right from Rs 157 mark. We continue to hold this particular short because we feel that the profitability that the company will be coming up in next few quarters would not justify its current valuation. The stock had a breakdown right from Rs 120 to Rs 123 mark. What we feel that there could be a resistance. People who are looking for a medium term target of close to Rs 80 should keep a strict stoploss of Rs 123.50 on closing basis.

I would like to go short on Tata Motors . The stock could face a resistance close to Rs 207-208 mark and we feel that there will be global weakness overnight, which should see high beta counters getting corrected. I am shorting this for an intraday target of Rs 193.80.

Parsvnath has an intraday target of Rs 83. I feel this particular stock has got good momentum. One who is looking for a target of Rs 100, should keep a stoploss of around Rs 70 and should be riding on their position from next 30 to 50 days perspective.

I would like to short Reliance Capital because we feel it is near to its resistance of close to Rs 382 mark. I am shorting for an intraday target of close to Rs 355-358 levels. But I feel the stock could again go and test Rs 330-320 mark in the days to come.