Bull's Eye: Buy Kingfisher, BPCL; short RIL, Hindalco

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 Tater of Fort Share Broking and Saurabh Mittal of Swadeshi Credits battle it out for top honours. Below their top stock picks and analysis: SP Tulsian of sptulsian.com
My first call is a buy call on Thomas Cook with a day target of Rs 72 and stop loss of Rs 67. Yesterday, the price target having met, I am continuing the buy for today also for the reason that 77% stake held by Thomas Cook PLC of UK, the stake sale is likely to be taken up in this week and on the hopes that good response have come from many of the suitors at very good valuations.
Second is a buy call on Arvind with day target of Rs 88.50 and stop loss of Rs 82.50. In fact this company is seen as beneficiary of the Budget largely because of the net reduction in the excise duty by about 1%. Apart from that the aggressive steps having initiated by the company for monetisation of the land assets are all likely to result into EPS of at least Rs 11 in FY12 from the core operations and about Rs 18-19 from other operations taking together on a consolidated basis hence a buy call.
Third is a buy call on Kingfisher Airlines with day target of Rs 20.50 and stop loss of Rs 18.40. The buy call has been given because Director General of Civil Aviation (DGCA) has given a normal chit and normal relief to the airlines to operate as normal and fit airlines and airlines have also submitted twice the schedule to DGCA assuring that they will be continuing with their operations. This will be seen as a big positive by the market and the share infact can move to about Rs 23-24 but the day target has been given at Rs 20.50.
Fourth call for the day is a buy call on HDFC Warrants with a day target of Rs 84 and stop loss of 76. The kind of renewed interest which we have seen on the financial stocks and the housing finance and the banking stock, this warrant looks quite attractive because one warrant entitles for one share of HDFC in the month of August 2012 and purchase of warrant is seen as a good arbitrage play that instead of buying the share if one can buy the warrant they can earn more amount and more gain on this instrument and the warrant prices can move to double digit in next one month or so but the day target has been given at Rs 84.
 
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  Aashish Tater of Fort Share Broking
The first stock for the day is Pipavav Defence. I have an intraday target of close to Rs 84 odd mark. We are bullish on this stock for a medium-term target of close to Rs 105 and a longer term target of close to Rs 180 from next two years perspective. Thus this stock can be bought on dips from a longer term timeframe. However, I am going long in this particular stock for intraday target of close to Rs 84 with a closing stop of around Rs 79. Glodyne Technoserve is in upward momentum and we feel if the closing basis of Rs 369 is not breached this could be one stock which can go and test beyond its fundamental value. Thus I am going long on this particular stock for an intraday target of close to Rs 393.
The third stock for the day is a technical call from my side. I am going long on United Spirits for an intraday target of close to Rs 563 odd mark. This is one stock where we feel the stock is quite range bound between Rs 500-600. Thus a good trading angle is also available.
The fourth stock for the day is a short from my side. I am going short on Hindalco for an intraday target of close to Rs 133 odd mark. We feel the stock after showing good strength has broken in yesterday