Bull's Eye: Short Unitech, DLF, Dena Bank; buy MMTC, PVRPublished on Wed, Feb 08, 2012 at 10:58 | Source : CNBC-TV18 Updated at Wed, Feb 08, 2012 at 13:12
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.
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