Bull's Eye: Buy Lanco Infra, JSW Energy, Lupin

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, Nooresh Merani of AMSEC Research and Rakesh Gandhi of LKP battle it out for top honours. Aashish Tater, Fort Share Broking I am going long on Lanco Infratech for a target close to Rs 15 with a closing stop of around Rs 12.50. We feel this is one stock that would definitely be in limelight in today’s trade. We expect very good momentum in this sector and thus Lanco, GVK all are long from our side. I am going long on JSW Energy for a target of Rs 48. We feel this particular stock after testing Rs 45.60 in yesterday’s trade. If it crossed that level it would be very interesting to watch because the next hurdle is exactly at Rs 48. If this stock goes above Rs 45.60 it is definite long bet for a target of Rs 48 from next 2-3 days perspective. I am going long on Power Finance Corporation for a target of Rs 160 with a closing stop of around Rs 149. The stock is very interestingly poised and we feel given the current momentum into the infra stocks even the companies into the finance corporation side would definitely be in limelight. Thus we expect some fireworks in today’s trade from PFC too. I am going long on Vijaya Bank for a target of Rs 59 and with a closing stock of around Rs 56. This is a technical call from our side. Looking at the way PSU banks, our best bet Allahabad Bank already give 10% return. We feel even smaller banks could actually go and test higher levels. Thus it is a long from our side technically. _PAGEBREAK_ Nooresh Merani, AMSEC Research Buy CESC with an intraday target price of Rs 290 and a stop loss to be placed at Rs 270. The stock has given a small triangular breakout yesterday with very good volumes. The breakout was around Rs 278 levels. Yesterday the stock has closed well and we could expect the stock to continue this momentum over the next few sessions. I would expect an intraday target price of Rs 290 and a short term target price at Rs 310. Buy Canara Bank with a intraday target price of Rs 425 and a stop loss to be placed at Rs 400. The stock has finally broken out of a falling channel also and given the fact that the stock has fallen almost 30% from the highs of February we could expect decent enough retracement which could take the stock to Rs 460. Any dips between Rs 410 to Rs 415 levels will be a buying opportunity. Buy Crompton Greaves with an intraday target price of Rs 120 and a short term target price of Rs 130. The stock is bottoming out on a long term chart. It is 5 to 10 year old trend line which comes in the range of Rs 100 to Rs 110. The stock has taken support around these levels couple of times. Recently the stock has been facing a lot of resistance around Rs 116 levels. We could expect some momentum in the stock once it crosses Rs 116. One can keep a stop loss at Rs 110 if it is a short term trade. Buy Lupin with an intraday target price of Rs 565 and a short term target price of Rs 600, the stop loss to be placed at Rs 540. The stock gave a cup and handle breakout at Rs 490 to Rs 500 levels. Post that the stock moved up to Rs 560-570 and is now making a flag. Yesterday the stock has given a breakout above this flag at Rs 550-552 levels. In this range of Rs 550 to Rs 552 one can buy keeping a stop loss at Rs 540 and expect a target price of Rs 600 in the short term. Rakesh Gandhi, LKP Shares IDBI Bank has moved very sharply from its low formed on Monday. As soon as it sustains above the level of Rs 89 it could see a very high momentum and hence can be bought for a target of Rs 94 with a stop loss of Rs 87.75. Bank of Baroda has moved above the level of Rs 693 with a gap and has shown a good upward momentum and hence once again it can be bought for a target of Rs 745 with a stop loss of Rs 708. United Spirits has retraced from the level of Rs 800 and while retracing it has formed a falling channel formation from which it could see a breakout at the level of Rs 625 and hence can be bought for an intraday target of Rs 650 with a stop loss of Rs 605. Hindalco Industries has been moving in a downward trend since last few months and while falling it has formed a falling channel formation. It has also moved above Rs 120 which is a neckline of a head and shoulder pattern and now I feel that the momentum will increase. It would pick up as soon as it sustains Rs 120 and hence can be bought for a target of Rs 126.50 with a stop loss of Rs 118.