Ceat a strong midcap bet; may rally to Rs 128: Kulkarni

Ceat is looking good in the midcap space. Chart structure of the stock suggest that it has potential to move to around Rs 125-128 levels in the near future.

Kulkarni told CNBC-TV18, "CEAT Tyres has an excellent chart structure. A disclosure that we have recommended this stock to our clients. CEAT Tyres looks good. I would expect CEAT in the midcap space to do well. Not that all tyre stocks are doing quite good, but the chart structure of CEAT Tyres is the most beneficial. So I think stock has the potential to move to around Rs 125-128 levels in the near future. I would be bullish on the stock. Timeframe will be around 7-10 trading sessions and I think that the stock should do quite well. He further added, "Prestige Estates Projects is the another stock wherein I have recommended earlier & still bullish on it. The stock is expected to move to around Rs 155. Speciality Restaurants which is another counter which we expect substantial gains in the near future." Disclosure: We have positions in stocks discussed and have recommended them to our clients.