Bull's Eye: Short Unitech, DLF, Dena Bank; buy MMTC, PVR

Published on Wed, Feb 08, 2012 at 10:58 |  Source : CNBC-TV18

Updated at Wed, Feb 08, 2012 at 13:12  

19210 Investors following Pantaloon Ret. Share this News with them.
0
0
Share on Tumblr

Excerpts from Markets Midday on CNBC-TV18 Watch the full show »

ALSO READ

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, SP Tulsian of sptulsian.com, Ashish Kapur of Investshoppe and Lancelot D Cunha of Sharyans Wealth Mgmt battle it out for top honours.

Below their top stock picks and analysis:

SP Tulsian of sptulsian.com

My first call for the day is a buy call on Pantaloon Retail with a day target of Rs 204 and stop loss of Rs 189. We have seen good buying in the stock yesterday on the hopes that the government will be active very soon in allowing or reviving the process of allowing FDI in multi brand retail and this stock will be seen as a largest beneficiary and hence a buy call.

Second call for the day again a buy call on Provogue with a day target of Rs 30.50 and stoploss of Rs 26.90. This is also extending the same theme of revival of the buying interest seen in the retail stocks on hopes of the good policy announcements by the government expected very soon. This is also seems to be a very good stock, which can be bought now at the current level for a quick gain and hence a buy call.

Third stock for the day is a buy call on MMTC with a day target of Rs 949 and stoploss of Rs 890. This stock has again come on the trading flavour and trading interest with renewed buying seen in the stock for the last two days and this momentum is likely to continue for the next 2-3 days and hence a buy call.

Last call for the day is a short call on Unitech with a day target of Rs 26.70 with stop loss of Rs 29.10. The real estate stocks have been seeing some profit booking and hence weakness is seen amongst all the stocks and this stock looks to be quite weak because long liquidations have been created. Last two days are seeing getting liquidated which can keep the stocks under pressure for the next couple of days and hence a sell call.

  

Trending News

Business News

Hands on Preview of the Samsung Galaxy S III
Morgan Stanley bomb: Predicts India's 2012 GDP at 5.7% "Morgan Stanley bomb: Predicts India's 2012 GDP at 5.7%"

Ranvir Sena chief killed, Bihar on high alert

Hero MotoCorp May Total Sales Up 11.3% At 5.56 Lakh Units (YoY)

The latest earning numbers FIRST on CNBC-TV18
Videos

Jun 1 2012, 14:57

Delisting candidates are risky; be cautious: SMC

- in MARKET OUTLOOK

Jun 1 2012, 11:57

Raamdeo Agrawal lauds Q4 nos, sees drastic rate cuts ahead

- in MARKET OUTLOOK

Interviews

Jun 1 2012, 15:36 | Source: CNBC-TV18

M&M performed well on strategy, not fuel prices: Nayer  

Jun 1 2012, 11:29 | Source: CNBC-TV18

HDIL eyes revenues of Rs 2500 cr in FY13  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!