Bull's Eye: Short JSW Steel; Buy Apollo Tyre, MindTree, L&T

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, Ashish Kapur or Investshoppe and Saurabh Mittal of Swadeshi Credits battle it out for top honours

SP Tulsian of sptulsian.com

Buy Dena Bank with a target of Rs 88 and keep a stoploss at Rs 82.50. After having seen the corrections in the banking stocks, this stock seems to come on the focus again as a value buy because the bank has posted very good numbers for Q4 with EPS of Rs 7.63 as well as improvement in its asset quality which we have not seen in case of many of other midcap PSU banking stocks. This value buying coupled with a short covering is likely to continue in the stock..

Buy Financial Technologies with a target of Rs 630 and keep a stoploss at Rs 589. Share having taken a huge beating in last one week has again now come on the radar of the value investors as well as the short term traders. Since this trend is likely to continue, a technical buy call on the stock is given.

Buy Apollo Tyres with a target of Rs 88 and keep a stoploss at Rs 83. This stock is seeing the renewed buying interest coupled with the short covering.

Buy Century Textiles with a target of Rs 294 and keep a stoploss at Rs 275. The share has been correcting because of the Bombay High Court order given in case of Bombay Dyeing. It was feared that probably this will also get applied to the company as well because they are holding 40 acres of land at Worli. But now that fear seems to be getting receding because even if that happens, the company will be getting the TDR. Apart from that the positive view on its cement division also and combination of this is seeing value buying at the lower level.

Disclaimer: He doesn't have holdings in any stocks discussed but may have recommended them to clients.