Bull's Eye: Short HDIL, Dena Bank; buy TCS, ITC

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, Ashish Kapur of Investshoppe, Nooresh Merani of AMSEC Securities and Pankaj Jain of Sunteck Wealthmax battle it out for top honours. Below their top stock picks and analysis: Ashish Kapur of Investshoppe
My first call for the day is a short position on Andhra Bank with a target of Rs 109 and a stop loss at Rs 120. The reasons for being negative on Andhra Bank are mainly two. Firstly this is a bank which has a weaker funding profile. It has a lower CASA ratio and high dependence on bulk deposits and borrowings. The second is the asset quality. Thought the NPAs have shown improvement in third quarter we feel that going forward pressure could mount on this front too owing to a large exposure of the bank to weaker sectors like textiles, realty and power.
My second call for the day is a short position on HDIL with a target at Rs 90 and a stop loss at Rs 102. The reason for being negative on HDIL is that there has been a great run up in lot of real estate companies but in this correction they are likely to see further weakness because ground reality still has not changed much. HDIL has seen a rise in the amount of debtors and this could add a lot of pressures going forward. Also realizations have not improved and in case of HDIL have actually fallen.
My third call for the day is a long position on TCS. The reasons for being bullish on TCS are that in this ongoing correction rupee is likely to weaken compare to dollar. That would add more confidence in the earnings growth of companies like TCS. Also TCS is one company where the revenue growth has been very stable. The earnings model is very robust and with continued outsourcing coming from other markets apart from US, we expect TCS to remain very stable and a good stock to stay in during a corrective phase.
My final call for the day is a long position on HUL with a target at Rs 400 and a stop loss at Rs 370. It is a very stable defensive stock and a very good place to hide in during a corrective phase. Also HUL has finally come on its own, after a long period of time has started showing good revenue growth and also good traction on its bottom-line. We expect this stock to deliver stable returns going forward and especially during this corrective phase it