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, Rakesh Gandhi of LKP, Siddhartha Chatterjee of Trustline Securities and Ashish Kapur of Investshoppe battle it out for top honours. Below their top stock picks and analysis: Rakesh Gandhi of LKP GMR Infra remains continuously bearish and has also closed on a bearish level. It can be sold for a target of Rs 25 with a stop loss of Rs 26.10. Tata Steel has broken below rising channel formation and can be sold for a target of Rs 434 with a stop loss of Rs 453. Ranbaxy has broken out of rising wage formation and can be sold for a target of Rs 461 with a stop loss of Rs 480. Hindalco has closed below short trading range and can be sold for intraday for a target of Rs 131 with a stop loss of Rs 136.5. _PAGEBREAK_ Siddhartha Chatterjee of Trustline Securities Advanta India manage to surpass multiple week high of Rs 415 with huge volume and any stock trading in this kind of parameter qualifies for a buy. So buy Advanta with a stop loss of Rs 435 and target of Rs 458. Buy Insecticides India with stoploss of Rs 392. The stock made lifetime high in last Wednesday, we have been bullish on the stock from Rs 200 level. We recommend buying of this outperforming stock with a stop of Rs 392 with a target of Rs 414. Buy Delta Corp with a stop of Rs 94. It is in the gaming business, it has of-late being trading and trying to cross the higher range but it has been failing._PAGEBREAK_ Ashish Kapur of Investshoppe One can short CESC. Its results which were declared yesterday were below par, on top of it results were there turnover on expected lines but the profitability dipped significantly due to decrease in cost is something which is a concern. So in the near-term we expect pressure to remain on CESC and for the day we have a target of Rs 257 with a stop loss at Rs 276.
One can short Allahabad Bank. Banking sector is likely to again face selling pressure especially the public sector banking space. To begin with SBI results were disappointing at least on the NPA front and on top of it Moody
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