Bull's Eye: Short Bajaj Auto, JSW Steel; buys Tata Motors

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

I am shorting VIP Industries for an intraday target of Rs 108.50. We feel given the current scenario the fundamental value for the stock is far less than what it is trading at. We are recommending a sell on this particular stock even at Rs 900 levels. So even at Rs 118 level it looked overvalued and even at current levels we feel this is one stock which can be avoided for.

I am shorting TTK Prestige for a target of Rs 2,300. We feel the fundamental value of this particular stock is way below than what it is trading at right now. Thus a better avoid.

I am going long on India Glycol from an intraday target of Rs 130. As we expect an EPS of close to Rs 13-14 for the full year and medium-term outlook looks good on the stock as molasses prices are expected to correct and competitors input pressure is going to increase with crude oil outperforming and also rupee going against them.

I am shorting Reliance Capital for an intraday target of Rs 280. We feel this stock has got completely broken and it might go and test Rs 230-220 in days to come.

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Sanjay Vaid of SBI Cap Securities

Buy Axis Bank. As we have discussed on Monday also the stock has given a decent performance in the Q2 results, a profitability of Rs 920 crore. The stock has been under some pressure and we are seeing that it has gone into the oversold zone. We certainly expect a bounce back from the current levels and even the RSI is gone into oversold zone which clearly shows that there could be a bounce back in the stock. Fundamentally, the stock is trading just 1.4 times FY13 book value of Rs 635. Therefore we are recommending a buy in Axis Bank with a target of Rs 975 which is the major resistance zone and a stop loss of Rs 935.

Hindustan Zinc has posted a decent profit for the Quarter 2. The company is trading at 3.7 times the EBITDA of FY13. We are seeing some positive diversion in the daily charts for the price and we feel that it can bounce back from an oversold zone. The stock might face a resistance at around Rs 118 therefore we are recommending a buy in Hindustan Zinc with target of Rs 118 and a stop loss of Rs 111 quarter.

We are recommending a buy in Dish TV. The Quarter 2 performance was very good with Rs 482 crore topline. On the price front, the stock has seen a bounce back from a very oversold zone and we feel that there could a bounce in the price. The stock price ended in positive yesterday with decent volumes along with that. Therefore we feel that stock can easily go towards Rs 68 level and therefore we are buying or recommending a buy in Dish TV with a target of Rs 68 and a stop loss of Rs 62.75.

Sell JSW Steel. The Q2 performance for the company was bad. The profitability had gone down 72%. On the price front stock price has broken down an important support level of Rs 565. We have seen some selling pressure in the stock yesterday along with decent and high volumes. Therefore we feel that stock could rate downwards and could head towards Rs 540 for the shorter term. Therefore we are recommending a sell in JSW Steel with a target of Rs 540.

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Lancelot D'Cunha of Sharyans Wealth Mgmt

My first pick is a buy on IRB Infra with a target price of Rs 146. This stock has corrected substantially from its high of Rs 172 and looks to be in the oversold territory, so its now consolidating after moving at Rs 138.10. I am seeing some strength in the stock and it could move up to its target price along with favourable market in line of global cues.

I have a buy call on LIC Housing Finance with target price of Rs 227 and a stop loss of Rs 217.65. It had recently moved downwards from its peak of Rs 240 and showed considerable strength even in the falling market and I see it moving up and in line with the global markets. I see this stock reaching its target price of Rs 227.

Tata Motors has target of Rs 179 and a stop loss of Rs 167. This stock has corrected and is moving upwards. It