In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi, investworks.in give top pick for the day.
Sudarshan Sukhani, s2analytics.comThere are very few midcap stocks where some kind of a buying signal is available and one of them is Shoppers Stop. I would suggest going long in Shoppers Stop, please keep a stop loss of Rs 365. But with that discipline, Shoppers Stop has fallen, gone through a sharp correction, has now stabilised and is giving the first signs of life, momentum indicators are deeply oversold while short-term averages have started rising. So, consider buying Shoppers Stop for a gain that may come about if the Nifty remains stable.
A number of blue-chip stocks are now cracking down showing clear distribution patterns and going lower. One of them has been Tata Motors. It s been in our short sell list for some time when it broke from a trading range. It is suggesting a much downside target. For today, I would suggest going short in Tata Motors. That intermediate downtrend has started and eventual target is much lower but for the day a target of Rs 261 is possible. Look to go short with a tight stop loss of Rs 275 and do not take risk with the market but the market flow being what it is, a short position is justified. SP Tulsian, sptulsian.com
Mcleod Russel looks a good buy at the current level, which is at about Rs 340-342. The stock can move to about Rs 365-370 in next 15-20 days because this is largest producer of tea in the world having good presence in the northern India. Apart from that they have the presence in Vietnam and Uganda. It is doing quite well. The better realization of the tea - the company is producing over 100 million kilos of tea per year - is giving them a very good advantage. FY13 EPS seems close to about Rs 50 on a consolidated basis and going forward, the bottomline may show a growth of about 20 percent. So, taking all this into consideration, the stock has the potential to give a gain of close to about 5-6 percent in next two weeks or so. Amit Trivedi, investworks.in
Given that some of the uncertainties like Cyprus and the government minority decision is out of the way. We think market should consolidate at 5,700 levels. We have two stocks on the buy side. Our first recommendation is to buy Reliance Infrastructure Futures at around Rs 353, put a stop loss at around Rs 345 and aim for a target of around Rs 365 in this stock.
Our second stock is a buy on Yes Bank. The stock has been moving up and trading at around Rs 447. So buy at around Rs 447, put a stop loss at Rs 440 and place for a target of Rs 460.
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