Buy Mcleod Russel, Karnataka Bank, Dabur India: Experts

Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral of Aditya Birla Money recommended stocks for trading on Wednesday.

Sudarshan Sukhani of s2analytics.com advised going short in Titan Industries and buying Mcleod Russel for today.
Sukhani told CNBC-TV18, “We have seen a decent rally on Wednesday. We continue to be in a bear market of some kind at least in a strong downtrend and there are number of midcap stocks that are continuing to show weakness. So, in a mixed market, it is wise to take a short position. I would suggest taking a short position, selling Titan. Titan is in a downtrend. It has already broken different support levels. A two-day rally has been completed and facing resistance at higher levels. This stock is now coming down again. The eventual target for this maybe much lower but as of now we have a target of Rs 250 for the short-term day trader. So, consider going short in Titan.”
” I am recommending a buy of McLeod Russel. The stock had a very strong rally and then a correction. It seems that the small correction is over and the share price could now move up and cross the Rs 380-385 level again. So, McLeod Russel, a strong stock in an uptrend is a buying opportunity,” Sukhani added. SP Tulsian of sptulsian.com recommended buying Karnataka Bank for Wednesday’s trade.
Tulsian told CNBC-TV18, “I am recommending Karnataka Bank for buying for a level of about Rs 150 in next one week or so. Because the Bank Nifty has shown a good strength and Karnataka Bank has been showing the renewed buying at lower levels and the counter has been seeing quite short and these shorts are likely to get created once the stock starts moving up. And that can make the stock swiftly move to the level of Rs 150 in a week or so.” Hemant Thukral of Aditya Birla Money recommended going long on Dabur India and Tata Motors DVR on Wednesday.
Thukral told CNBC-TV18, “Dabur India - this midcap fast moving consumer goods (FMCG) stock has seen a surge in open interest to the tune of 27 percent yesterday. It is a surprise addition because it is not a trading stock. So, we feel that in immediate short-term Dabur can retest the 52-week high of Rs 139 to Rs 140. Traders should go long keeping a stop loss of Rs 128. That is the lower band of the range that Dabur was consolidating in with a target price of Rs 140.”
”Tata Motors differential voting rights (DVR) has added up 18 percent open interest in last two days and the premium is moved up substantially to the futures. It means the cost has moved up implying long positions being added here. In immediate short-term, we feel that stock can test the 50-day moving average (DMA), which is in the range of Rs 175-177 zone. So, traders should go long on Tata Motors DVR keeping a stop loss of Rs 161 and a target of Rs 177 in immediate short-term,” Thukral added.