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, Jagannadham Thununguntla, SMC Global, Nooresh Merani of AMSEC and Madhumita Ghosh of UNICON battle it out for top honours.
Below their top stock picks and analysis: Jagannadham Thununguntla, SMC Global EIH has day target of Rs 88.90 on the buy side. I think the stock should be in the limelight and considering that the takeover code changes the stock is sell with a day target price of Rs 88.90 on the buy side.
Second stock for the day is GMDC on the buy side with a day target price of Rs 187.30. On the back of proposed joint venture with Gujarat Fluoro should give additional momentum to the stock and that should be a positive from the revenue growth perspective. The stock is selected on the buy side with a day target price of Rs 187.30.
Third pick for the day is a sell on Alstom Projects with day target price of Rs 373.40. The infrastructure companies have been under tremendous pressure and can expect it to remain under pressure.
Fourth pick for the day is Hindustan Zinc on the sell side with a day target price of Rs 121.60. On the back of current market conditions the stock can see good knock. The stock has rallied a lot in the recent past, so some profit bookings should be on the cards. The stock is trading with a day target price of Rs 121.60 on the sell side.
_PAGEBREAK_ Nooresh Merani of AMSEC
My first stock call is a buy on UltraTech Cement with an intraday target price of Rs 1260 and a stop loss of Rs 1180. The stock has been one of my favourites in the cement pack and as expected it has outperformed the benchmark indices. Yesterday the stock made a new 52 week high at about Rs 1220. Over the last three to five years it has faced a lot of resistance in the band of Rs 1180 to Rs 1220. Yesterday
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