Bull's Eye: Buy Shree Renuka, Claris Life; short NTPC

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Bull's Eye: Buy Shree Renuka, Claris Life; short NTPC

CNBC-TV18 brings you a brand new week of Bull's Eye. It's the 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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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about NTPC See messages about NTPC

CNBC-TV18 brings you a brand new week of Bull's Eye. It's the 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, Rajesh Agarwal of Eastern Financiers and Pankaj Jain of Sunteck Wealthmax battle it out for top honours.

Below their top stock picks and analysis:

Aashish Tater of Fort Share Broking

I am going to short NTPC on an intraday target of Rs 169 with a strict stoploss of around Rs 175. The quarterly results were not as per expectations and we feel stock could face good pressure in today's trade.

I am going long on DB Realty with strict stoploss of around Rs 59 with a medium term target close to Rs 78 and Rs 95. However, I am playing an intraday target of close to Rs 66. The stock has been consolidating well between Rs 59.50 and Rs 63. The stock should give a breakout or breakdown below the suggested levels or should give a breakout above Rs 63. So, one should go long on to the stock with a strict stop of Rs 59 on closing basis for a medium term target of close to Rs 78 and a bit from next 3-4 months perspective for a target of Rs 95. However, the position should be closed on breakdown below Rs 59.50.

I am going long on ESS DEE Aluminium for an intraday target of close to Rs 190. The stock has been making interesting chart patterns and we feel the stock could go and test close to Rs 190 in today's trade. We have a medium term target of Rs 220 and a very small stop loss of around Rs 174 on closing basis. Thus a safe bet from medium term perspective.

I am going long on Glodyne Technoserve for an intraday target of close to Rs 260 with a strict stop of around Rs 235. We seen this one stock has been battered by the markets and it deserves a better valuation and we have a medium term target of close to Rs 280 and long term target of Rs 340.