Bull's Eye: Buy Suzlon, KPIT, Oil India; short JSW Steel

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, Jagannadham Thununguntla of SMC Global and Nooresh Merani of AMSEC Research battle it out for top honours.
Below their top stock picks and analysis: SP Tulsian of sptulsian.com
Buy KPIT with a day target of Rs 156 and stop loss of Rs 142. The company has posted very good Q3 numbers which will be liked by market and on top of it, it has given a sweetener and surprise in the form of 1:1 bonus issue.
Buy NESCO with a day target of Rs 728 and stop loss of Rs 648. This is a debt free real estate company having huge developed property in western suburbs of Mumbai where it is deriving huge income in the form of rental of the convention and exhibition centre. In fact yesterday we have seen huge informed delivery based buying, which indicates either a value buy or some corporate develops likely or expected in the near future.
Buy Den Network with day target of Rs 86 and stoploss of Rs 77.7. This stock is in the limelight largely because of the acquisitions expected by a strategic investor to the extent of 26%. This is seen as the most economically priced and most financially backed company as its debt free and profit making cable company having strong presence in north India.
Buy Suzlon with day target of Rs 27.9 and stop loss of Rs 25.3. This stock has been witnessing informed buying for last 1 week. But yesterday, we have seen huge volumes in the cash segment on BSE-NSE put together of over 5.5 crore shares as well as huge delivery based buying reflecting there from.
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Jagannadham Thununguntla of SMC Global
Buy Essar Oil with target of Rs 61.5. On the back of increased gas findings should give a fresh fillip to the stock. The stock has been under tremendous pressure after the tax liability but this particular gas reserve news should help the company to find a fillip. Stock should see good bounce back.
Buy Federal Bank with a target of Rs 396.9 on the back of impressive results. Even though there were consensus about NPL's and slow loan book growth, the company has posted good, healthy results.
Buy Jyothy Labs with a target of Rs 181.9 on the back of impressive results. Last quarter the company had a tough time, but December quarter the company was able to come back both in terms of sales growth and margins betterment.
Buy KPIT with a target of Rs 153.9 on the back of impressive results. Company has posted extremely good results in terms of both growth in revenue front and on profitability front. The profitability margins should help stock price to do well.
_PAGEBREAK_   Nooresh Merani of AMSEC Research
Sell JSW Steel. The stock has confirmed the bias yesterday wherein the stock has closed lower, confirming the turnaround. You may expect the stock to test the levels of Rs 600-620 in the short term. Traders may take their stop loss to Rs 650 in this.
Buy Petronet LNG with an intraday target price of Rs 166 and a stop loss to be placed at Rs 154. I would expect the stock to hit a target of Rs 170-175 in the short term. If you look at the stock, it has been very stable over last 3-4 months with almost many bottoms in the range of Rs 150-155. For the last few sessions, the stock used to face resistance around Rs 160. Yesterday, the stock tried to close above these levels which indicate the stock should see some momentum over next few days. I would expect the stock to touch Rs 170-175 but if it