Bull's Eye: Short JSW Steel; Buy Apollo Tyre, MindTree, L&T

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 sptulsian.com, Ashish Kapur or Investshoppe and Saurabh Mittal of Swadeshi Credits battle it out for top honours SP Tulsian of sptulsian.com Buy Dena Bank with a target of Rs 88 and keep a stoploss at Rs 82.50. After having seen the corrections in the banking stocks, this stock seems to come on the focus again as a value buy because the bank has posted very good numbers for Q4 with EPS of Rs 7.63 as well as improvement in its asset quality which we have not seen in case of many of other midcap PSU banking stocks. This value buying coupled with a short covering is likely to continue in the stock..

Buy Financial Technologies with a target of Rs 630 and keep a stoploss at Rs 589. Share having taken a huge beating in last one week has again now come on the radar of the value investors as well as the short term traders. Since this trend is likely to continue, a technical buy call on the stock is given.

Buy Apollo Tyres with a target of Rs 88 and keep a stoploss at Rs 83. This stock is seeing the renewed buying interest coupled with the short covering.

Buy Century Textiles with a target of Rs 294 and keep a stoploss at Rs 275. The share has been correcting because of the Bombay High Court order given in case of Bombay Dyeing. It was feared that probably this will also get applied to the company as well because they are holding 40 acres of land at Worli. But now that fear seems to be getting receding because even if that happens, the company will be getting the TDR. Apart from that the positive view on its cement division also and combination of this is seeing value buying at the lower level. Disclaimer: He doesn't have holdings in any stocks discussed but may have recommended them to clients. _PAGEBREAK_ Ashish Kapur or Investshoppe Buy Kotak Mahindra Bank with a target of Rs 573 and keep a stoploss at Rs 525. This bank has been particularly doing very well. We are very bullish on the future prospects of Kotak Mahindra Bank namely on two accounts. One is very good and sustained growth in their loan book which we feel they would sustain going forward as the distribution network expand. The second of course is the improving CASA ratio. Moreover this is one bank where the quality of assets is very strong. Buy MindTree with a target of Rs 650 and keep a stoploss at Rs 595. This is clearly a market where individual stock performances are getting rewarded and MindTree has done very well both on topline and the bottomline front. Moreover, the margins have improved significantly. So we feel this is a very good stock to stay invested for the near term. For the day we are recommending with a target of Rs 650. Buy JK Tyre & Industries with a target of Rs 84 and keep a stoploss at Rs 76. Softening of rubber prices and a good traction in growth of demand for tyres especially in the replacement segment is the reason why numbers of tyre companies are doing very well and JK Tyres is no exception. After a very long period, softening of raw material prices which account for nearly 70% of most of the tyre makers cost is a great boom to many of the players in this sector. Short JSW Steel with a target of Rs 611 and keep a stoploss at Rs 670. My reason for being bearish is that generally the steel sector is not likely to very well because supply in the domestic market is likely to oust the demand for a few quarters going ahead. In particular, JSW Steel because of its very high interest burden and also because of uncertainty regarding clearance of ban on mining would continue to face pressure going ahead. Disclaimer: He has holdings in Kotak Mahindra Bank and JSW Steel. _PAGEBREAK_ Saurabh Mittal of Swadeshi Credits Buy Larsen & Toubro with a target of Rs 1,260 and keep a stoploss at Rs 1,190. L&T after it announced its results on Monday has shown steady increase because the results were pretty good and the guidance given is also good. We should see another couple of days of upside in L&T. Buy Sesa Goa with a target of Rs 200 and keep a stoploss at Rs 180. Sesa Goa has seen a steady decline over the last couple of months since there was a mining scam in Goa etc and I think it is right for a technical pullback. We saw some movement in it yesterday and I think that should continue upwards for another session or two. Buy Geometric with a target of Rs 80 and keep a stoploss at Rs 69. Geometric saw some great moves yesterday probably fueled on rumors that some big investor has bought into this stock and I think this should go up to the Rs 80 levels in this session or in next.
Buy Delta Corp with a target of Rs 60 and keep a stoploss at Rs 53. Delta Corp has also seen a steady decline over the past couple of months from levels of over a Rs 100 and now in the mid 50s and I think it is due for a technical pullback as it showed yesterday and this should also do well for next couple of sessions.
Disclaimer: He doesn't have holdings in any stocks discussed but may have recommended them to clients.