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, SP Tulsian of sptuls+ian.com, Jagannadham Thunuguntla of SMC Global and Vishal Jajoo of Nirmal Bang battle it out for top honours. Below their top stock picks and analysis: SP Tulsian of sptulsian.com
Sell Suzlon with a day target on Rs 22.50 and stop loss of Rs 26. The sell call has been given because yesterday the promoters have sold over 2% of their stake in the company, which was not liked by the market and it has been seen as a big negative. Going ahead 69% of the promoter stake is pledged which is also causing a big discomfort for the stock and hence a negative call.
Sell Unitech with day target of Rs 21.50 with stop loss of Rs 24.25. This is largely because of the negative view on the sector as well as on the stock. We have witnessed yesterday the delivery based selling, which has led to the share fall and short positions got build up. It is felt that the same trend is likely to continue for the time going ahead and hence a negative view on the stock.
Sell Lanco Infratech with day target of Rs 11.30 with stop loss of Rs 13. This is largely because of huge debts in the books of the company about Rs 19000 crore with negative working reported by the company. As well as the delivery base selling is being witnessed in the stock which has made it to touch a new 52 week low and it is feared that disputes with Predaman in Australia is not likely to see any settlement in the near future which is a overhang on the stock.
Buy Shree Renuka Sugars with a day target of Rs 34.50 with stop loss of Rs 30.50. This is largely because the government is likely to allow one million tonne of exports for which the meeting has been fixed on November 21. As well as the company has also started its plant in Karnataka, which is likely to be seen as a positive for the stock as the season is commencing which is likely to be better for all Karnataka based sugar mill. In fact the shorts are getting covered in the stock which may keep a positive view on the stock going ahead.
_PAGEBREAK_ Jagannadham Thunuguntla of SMC Global
Short BF Utilities with a day target price of Rs 380. On the back of continued weakens in the market can take the stock to much lower levels. The stock is selected for the day with day target of Rs 380.
Short Max India with a day target price of Rs 156. On the back of continued pressure from the market the stock can be at much lower levels.
Short Crompton Greaves with a day target price of Rs 111. The stock has seen tremendous pressure after their disappointing quarterly results and concerns in the management and also the continued weakness in the market can also take the stock to much lower levels.
Short Educomp with a day target price of Rs 170. The stock has seen one way down after the Rs 270 levels and the stock is under tremendous pressure both on the performance front and on the market front. The stock is selected on the short side with day target price of Rs 170.
_PAGEBREAK_ Vishal Jajoo of Nirmal Bang Pantaloon Retail has target of Rs 194. Basically this company being the largest retailer in the country will be key beneficiary of the reforms that are happening as far as the FDI in the sector goes. Second, the company has got significant amount of trades and that
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