Bull's Eye: Short Voltas, Maruti, Titan, buy ITC, IGL

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, Sharmila Joshi of Fairwealth Securities and Lancelot D Cunha of Sharyans Wealth Management battle it out for top honours Aashish Tater, Fort Share Broking
Go short on TTK Prestige with a target of Rs 2880 and keep a stoploss at Rs 3000. We have been maintaining negative view on the stock and whenever there is weakness around we feel this is one stock which can be shorted. But the best strategy is to avoid the stock even on shorting side because the stock has remained volatile. If you take a fundamental call the fair value is much lower than current levels and once the stock starts trading below that Rs 2720 mark there could be a sharp downfall of almost Rs 400-500 on the stock. Technically if one wants to take a position on the stock one should wait for a close of above Rs 3040 as stop loss.
Go short on Voltas with a target of Rs 89.50 and keep a stoploss at Rs 92.75. We do not expect good numbers from the stock and the stock would see further pressure even going forward. Thus we feel this is one stock where the stock should bottom somewhere around Rs 80-81mark but still 10-15% can be made with the same stop loss on closing basis.
Go short on Financial Technologies with a target of Rs 550 and keep a stoploss at Rs 570. Post the MCX IPO the stock has been under pressure and even now we feel there are no major triggers that would see the stock rebounding. Thus one can go short in this particular stock and even on technical perspective the stock made a very interesting chart pattern where we feel the stock could go and test Rs 480 mark with a closing stop of around Rs 585. However I am shorting this particular stock with a stop loss of around Rs 570.
Go short on Ambuja Cements with a target of Rs 135 and keep a stoploss at Rs 139. Disclaimer: He doesn't hold any stock discussed but may have recommended them to clients.
_PAGEBREAK_ Sharmila Joshi, Fairwealth Securities
Buy ITC with a target of Rs 237 and keep a stoploss at Rs 230. I want to buy ITC a little ahead of its numbers and also to provide some amount of safety because I think FMCG is perhaps the safest stock to be in markets like this, that and pharma. So I have a bit of both in my portfolio today. So ITC is my first buy and this I will buy with a buy with Rs 237.
Buy BHEL with a target of Rs 214 and keep a stoploss at Rs 207. Post numbers BHEL looks attractive. Also the kind of sound bytes that one has got from their concall seem to suggest that things will look better for BHEL going ahead. So turning a little positive on this stock and I buy this with a target of Rs 214.
Buy Indraprastha Gas (IGL) with a target of Rs 216 and keep a stoploss at Rs 209. Their PNGRB case will be heard on May 24 and if there is any positive outcome from this then that will be a good positive for both in IGL as well as Petronet LNG. There will be substantial recovery on both the stocks so ahead of the event I buy this with a target of Rs 216.
Buy Ipca Labs with a target of Rs 350 and keep a stoploss at Rs 340. A good stock within the pharma space, a good midcap company. This is expect to end FY13 with an EPS of about Rs 31-32 so given that I think you can have a longer term target of about Rs 405-408 on the stock. For the day I buy it with a target of Rs 350. Disclaimer: She holds ITC. Stocks discussed may have been recommended to clients.
_PAGEBREAK_ Lancelot D Cunha, Sharyans Wealth Management
Go short on Maruti Suzuki with a target of Rs 1,120 and keep a stoploss at Rs 1,177. Maruti Suzuki has been falling continuously on account of fears of the depreciating rupee impacting its raw material and import cost especially because the rupee-yen ratio is pretty adverse at the this point of time. So as I see the trend continuing, I see the sell off accentuating a bit further in the light of the fact that the rupee fall has not been stemmed.
Go short on Titan Industries with a target of Rs 216 and keep a stoploss at Rs 228. Titan Industries is also having a large exposure to imports especially on account of gold for its jewellery business and this depreciating rupee could impact the profitability of the company negatively and that could be a dampener for its business. However over the last two, three sessions I have seen some weakness in the stock and its poised at a level of Rs 224 which if it goes down below that Rs 224 it could see it moving down to its target price of Rs 216.
Go short on Canara Bank with a target of Rs 377 and keep a stoploss at Rs 390. Canara Bank has been falling continuously over the past few sessions inline with the fall in the Bank Nifty. Its results that came out did not have very encouraging features and we saw the NPA remaining flat and slightly on the higher side. From a long term perspective the bank could be attractively valued however given the short term momentum and the move against the Bank Nifty you could see some more selling in the stock.
Buy SKF India with a target of Rs 677 and keep a stoploss at Rs 653. SKF came out with reasonably good numbers considering the difficult conditions that they been operating in and has been constantly innovating to provide better solutions and add value which is resulted in an improved bottomline for the company. On a long term basis I am bullish on the stock and I believe that if you use the lower levels to accumulate the stock, one would get good long term appreciation. However since the results came out and it has moved on very good volumes and I think that the trend will continue inspite of the fact that the global market cues maybe negative. Disclaimer: He holds Titan Industries. Stocks discussed may have been recommended to clients.