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Check out: Top stock ideas by market experts

In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi give top pick for the day.

April 02, 2013 / 08:47 IST
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In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi give top pick for the day.

Sudarshan Sukhani, s2analytics.com
Markets are in some kind of an uptrend but even in up trending markets we sometimes see stocks, even good quality stocks come down on different reasons for different technical patterns. Sterlite Industries is one such stock. There was news but there was a weak technical pattern also accompanying it. So Sterlite is a short sell for today. The stock was in a trading range and it broke down below Rs 90 yesterday. This breakdown should take it may be towards Rs 85, look to go short in Sterlite, keep a stop loss because choppy markets can go either ways but the sense is that Sterlite and Sesa Goa are probably moving lower.
In a mildly cheerful market it is always nice to find some stocks that are going up already to breakout. Godrej Industries is one such stock. It is in the F&O segment, so trading can be done in Futures as well as in the cash market. Look to buy Godrej, the stock was in a trading range between Rs 290 and 300. It has broken out of that, moved above Rs 300 that gives us an immediate target of Rs 310 and may be even higher. Keep a tight stop loss. If it is going up it is going up otherwise it is not but Godrej is worth buying into today. SP Tulsian, sptulsian.com Financial Technologies looks a good buy at the current rate because after the share having remained quite weak for last couple of months have seen the renewed buying coming back into the stock coupled with a short covering. Because if you go by the financials of the company for FY13 the EPS is likely to be over Rs 75 or so and 26 percent stake which the company is holding in MCX also seem to have bottomed out the terms of share price for MCX. So here on no negatives are seen for the stock and the value buying seems to be emerging at the lower level which is likely to continue. Hence one can expect a price of about Rs 800 in next one month or so. Amit Trivedi
Given the way markets are experiencing a pullback which can take Nifty to around 5800-5830 levels we have two recommendations for the long side. First recommendation is on Federal Bank which can be bought at around Rs 490 for a possible target of Rs 505 and stop loss at around Rs 480.
Second stock is Dabur India which can be bought at around Rs 139-140 levels, put a stop loss at around Rs 137 and aim for a target of Rs 144.
first published: Apr 2, 2013 08:47 am

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