Bull's Eye: Buy BHEL, SBI, Delta Corp; short Tata Steel

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,Aashish Tater of Fort Share Broking, Sanjay Vaid of SBI Cap Securities and Lancelot D'Cunha of Sharyans Wealth Mgmt battle it out for top honours. Below their top stock picks and analysis: Aashish Tater of Fort Share Broking
We feel India Glycol could go and test a medium term target of close to Rs 180 with a fixed stop loss of Rs 111 as the company is expected to do an EPS of close to Rs 40.
We are shorting Tata Steel for an intraday target of Rs 370. The rational behind shorting steel stocks is that we feel there is still some pain left into the metal pack and this is a perfect short from our end.
We are shorting Reliance Infra for an intraday target of Rs 375.
We are shorting LIC Housing Finance.
_PAGEBREAK_ Sanjay Vaid of SBI Cap Securities
Buy BHEL. The stock is just trading 10 times the FY12 earnings. The stock has corrected from Rs 300 plus levels to the current levels and has gone into an oversold zone and so is the Relative Strength Index (RSI) which is showing that the stock has gone into an oversold zone. We feel that stock can give a decent bounce back from the current levels given the attraction in this stock. We recommend a buy in BHEL with a target of Rs 272 and a stop loss of Rs 257.
Buy Glenmark. The company maintains the topline guidance of 25% plus year on year. This is one of the very few stocks which has maintained about 200 day moving average and has got a very decent support at Rs 305 therefore we are recommending a buy in Glenmark with a target of Rs 327 and a stop loss of Rs 308.
Buy Pantaloon Retail. FDI in retail segment is not only positive for the sector but especially for the stock also. We have seen yesterday strong buying happening in the stock and the volumes have also seen an uptake therefore we are recommending a buy in Pantaloon Retail with a target of Rs 213 and a stop loss of Rs 196.
Buy Delta Corp. The stock price has seen a huge amount of correction from Rs 100 plus levels to Rs 65 levels which is a very decent support and stock has shown or given downside from these levels earlier also. The RSI also has entered an oversold zone therefore we expect that stock could bounce back from the current levels and give an upside towards Rs 76-77 levels therefore we are recommending a buy in Delta Corp with a target of Rs 76 and a stop loss of Rs 70.75.
_PAGEBREAK_ Lancelot D'Cunha of Sharyans Wealth Mgmt
We have a buy call on SBI with a target price of Rs 1699 and a stop loss of Rs 1629. It has actually fallen off a lot. However at the end of closing there was substantial buying and I see the momentum continue. So I think tomorrow SBI should do much better in the day