Bull's Eye: Short Suzlon, Reliance Cap, buy STC India, RCFPublished on Thu, Jan 05, 2012 at 11:30 | Source : CNBC-TV18 Updated at Thu, Jan 05, 2012 at 15:41
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 STC India with a target of Rs 209 and keep a stoploss at Rs 183 Buy STC India with day target of Rs 209 and stop loss of Rs 183. This stock is looking cheap when compared with MMTC but apart from this, this call of the buying on the stock has been given purely looking to the momentum and technical interest having seen built up in the stock for last four days and hence a buy call. Buy MMTC with a target of Rs 818 and keep a stoploss at Rs 719 Buy MMTC with a day target of Rs 818 with stop loss of Rs 719. Again this stock for the last four days has been seeing huge trading flavor of the market and the stock has been continuously going up largely on the hopes that the new SEBI guidelines will enable the government to expedite its disinvestment process and huge buying and trading interest has been seen on the stock and hence a buy call has been given. Buy National Fertilisers with a target of Rs 70 and keep a stoploss at Rs 61.4 Buy PSU stock National Fertilizer with a day target of Rs 70 and stop loss of Rs 61.40. This stock is looking reasonably well oiled or maybe quite cheap because this fertilizer company which is a PSU is having five to six fertilizer plants and any move by the government for divestment of the stake in the company to about 90% can see stock moving up further from hereon and hence a buy call. Buy RCF with a target of Rs 60 and keep a stoploss at Rs 53.4 Buy RCF with a day target of Rs 60 and stop loss of Rs 53.40. This fertilizer stock is also looking good considering its value and the hopes of divestment by the government in the stock going ahead and hence a buy call. Aashish Tater, Fort Share Broking Short Adani Enterprises with a target of Rs 260 and keep a stoploss at Rs 290.65 Short Adani Enterprise, we feel the stock should go and test Rs 210-220 levels in days to come. One can go short onto the stock or a better idea is to avoid this particular stock at current levels. The target for the day is close to Rs 260 odd mark with a strict stop around Rs 290.65. Short Suzlon Energy with a target of Rs 17.8 and keep a stoploss at Rs 19.1 Short Suzlon Energy for an intraday target of Rs 17.80, with the stop of around Rs 19.10. We feel there would be weakness into today's trade, in early trade and thus Suzlon would be a good shorting candidate, thus short for intraday opportunity around Rs 17.80 odd mark. Buy RCF with a target of Rs 57.6 and keep a stoploss at Rs 52.6 RCF is a good bet given the way PSU stocks are running and the stock has given a strong momentum on charts. Thus we feel our target of Rs 65 for next three to four days is quite achievable. However one should keep a closing stop of around Rs 52.60 onto the stock for target of Rs 57.60, 59, 85, 62 and 66 in days to come. Short Reliance Capital with a target of Rs 237 and keep a stoploss at Rs 252 Short Reliance Capital for an intraday target of close to Rs 237 odd mark. The stock has been one of the bets where investors have lost lots of money and we feel the fundamental target would come down even below Rs 210 odd mark. Technically the stock is seeing some signs of consolidation but eventually it should go and test Rs 210 in the medium-term. Nooresh Merani, AMSEC Research Buy Hindalco Industries with a target of Rs 124 and keep a stoploss at Rs 115 Buy Hindalco over the last three months it has made lot of bottoms in the zone of Rs 119 to Rs 111. Yesterday the stock has given a falling which breakout, so once it starts trading above Rs 120 it could add more momentum into the current move and say if we have to buy the stock at current levels of Rs 118 the risk is very small around 3-4% and the bounce back could be as high as 15%. So my short-term target would be around Rs 130-135 from current levels and my intraday target price for the stock would be Rs 124. A day trader may keep a stop loss of Rs 115 for this trade. Buy Sesa Goa with a target of Rs 171 and keep a stoploss at Rs 160 Buy Sesa Goa. There is a lot of bad news on the stock but the stock is performing in another manner. The stock has moved up into positive territory for the last two-three sessions even after bad news. That gives an indication there is lot of strength into the stock. Yesterday the stock closed well above its weekly high levels. I would expect this stock to notch up to Rs 175-180 in the short-term and my intraday target price would be closer to Rs 171 and one may keep a strict stop loss around Rs 160 for this position. Buy Crompton Greaves with a target of Rs 135 and keep a stoploss at Rs 126 Crompton Greaves has seen a huge correction over the last few months. Even recently what we look at is the downtrend continues to be strong but over the last few weeks it has been forming a pattern where it shows bit of signs of reversal as well as in the near-term it had a critical resistance around Rs 130-131 for the last few sessions. Yesterday the stock closed well above Rs 130 closer to those levels. I would expect the stock to breakout this level and head up to Rs 140 in the near-term. My intraday target price for the stock would be Rs 135. Traders may keep a strict stop loss around Rs 126 for this position. Buy BHEL with a target of Rs 260 and keep a stoploss at Rs 248 Buy BHEL. The stock is a repetition of my yesterday's call. My intraday target price would now be Rs 260 as well as I maintain a view of Rs 275-280 in the short-term. If you look at the movement in the last couple of days it shows a lot of positive momentum. This indicates sort of a trend reversal. So I would take this bet as a long-term play also and from hereon every dip would be a buying opportunity. A long-term investor may keep a stop loss around Rs 215. In the short-term for the traders now a trailing stop loss would be placed at Rs 248.
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