Bull's Eye: Short United Spirit, Rolta; buy BHEL, Axis Bank

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, Nooresh Merani of AMSEC Research and Pankaj Jain of Sunteck Wealthmax battle it out for top honours. Aashish Tater, Fort Share Broking Buy Bharati Shipyard with a target of Rs 77and keep a stoploss at Rs 65.65 I am going long on Bharati Shipyard for a target of Rs 77. We feel this particular stock had to see the worst in 2012 and we feel the worst is almost over for the stock. Thus on risk reward front from next one-two year perspective this is one stock which can be looked from a portfolio bet. Thus on a longer term we have a very aggressive target but target for today is Rs 77. Buy Apollo Tyres with a target of Rs 87 and keep a stoploss at Rs 84 Buy Apollo Tyres for target close to Rs 87. Tyre result has to be good across the sector and we feel in today’s trade with Apollo coming up with its result the stock should outperform the indices. Thus on risk reward front this is one stock which can be looked on from short term perspective for a target close to Rs 90. However I am going long for this particular stock with a stop of around Rs 84 and target of Rs 87 for intraday. Go long on Tilaknagar Industries with a target of Rs 59 and keep a stoploss at Rs 56 I am going long on Tilaknagar Industries for a target of Rs 59. We feel Tilaknagar could be one interesting bet from next 6 to 8 months perspective where we have upgraded the stock for a target of close to above Rs 80. Thus a portfolio bet from our side. Short Reliance Capital at around Rs 286.5 with a stoploss at Rs 295.5 I am going to short Reliance Capital for a target of Rs 286.50 with a closing stop of around Rs 295.50. This is one stock which has been going weak. We feel there is further weakness that can be seen even in today’s trade. _PAGEBREAK_ Pankaj Jain, Sunteck Wealthmax Go short on Andhra Bank with a target of Rs 104.55 and keep a stoploss at Rs 112.25 On Wednesday Andhra Bank broke below that 200 DMA, which was very close to Rs 115- 115.50. Most of the midcap PSU banks results have been much below market expectation. Even largecap results, PNB even those results were not all that good so I am still bearish on Bank Nifty especially on midcap banking space. Taking that negative momentum into account, taking into consideration that Andhra Bank is not fallen all that much compared to other peers in midcap PSU Bank it has a larger scope to fall down. Short Rolta India with a target of Rs 68.55 and keep a stoploss at Rs 75.25 Post results of Rolta which was a very timid kind of results and what we have been seeing is last 4-5 quarters Rolta has been consistently disappointing. We have seen post downward guidance from Cognizant most of these IT stocks especially midcap IT stocks they have been facing additional hit. So taking all those factors into consideration and taking that market may soon breach 4950 on Nifty I think we could have further acceleration in downward momentum in Rolta. Short United Spirits with a target of Rs 633 and keep a stoploss at Rs 665.25 United Spirits has already broken its 200 DMA, it has broken its 20 DMA. Next support level falls at 100 DMA and that is very close to Rs 629. So taking that into consideration I think United Spirits can fall to levels closer to Rs 630. Buy Emami with a target of Rs 487.45 and keep a stoploss at Rs 457 What we have seen in in last two trading days for Emami trend line breakout on weekly charts and trend line breakout with a rounding bottom formation and with heavy volumes. The stock has been doing well in this weakish kind of market for last couple of days and we have a short term target, next 1 to 3 months target of closer to Rs 550 for the stock. _PAGEBREAK_ Nooresh Merani, AMSEC Research Buy BHEL with an intraday target price of Rs 230 and a medium term target price of Rs 250-300. A trading stop loss would be put at Rs 200 levels. If you look at the history of the stock it has huge number of bottoms in the band of Rs 180-200 over the last 5-7 years. The bottom in 2008-2009 as well as previously has been in this zone. I would expect the stock to bottom out in this area of Rs 205-215 and revert back to Rs 250-300 levels in the medium term. So one can initiate and accumulate at current levels with an intraday target price of Rs 230 and a medium term target price of Rs 250-300. Buy Bajaj Auto with an intraday target price of Rs 1600 and a stop loss to be placed at Rs 1450. The stock has corrected heavily in the last few sessions. Also it has a strong trendline support at Rs 1470-1480 levels which it has taken support yesterday. I would expect the stock to bottom out over the next couple of sessions and head upto a minimum of Rs 1600 level. Given the fact the risk reward is in favor one can accumulate the stock at current levels and every dips with keeping a stoploss at Rs 1450 on a closing basis. Buy Axis Bank with an intraday target price of Rs 1020 and a medium target price of Rs 1100. The stock has retraced back over the last few weeks, the retracement is in the band of 50% to 61.8%. So I would expect the stock to bottom out in the zone of Rs 900-970. It would be difficult to put a stop loss but given the fact that the stock is bottoming out, we can continue to accumulate the stock with a medium term target price of Rs 1100. A trading stoploss can be put at Rs 940. Buy Hindalco with an intraday target price of Rs 125 and a medium term target price of Rs 140. The stock has given a confirmation of a double bottom and sustained closing above Rs 121 will indicate a turn around and head upto Rs 130-140 in a quick time. One can keep a stoploss at Rs 112 for this position.