Bull's Eye: Sell TTK Prestige, Jindal Steel; Buy 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, 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 Short TTK Prestige for a target of Rs 2805. This particular stock is a short on every rise because we feel the fundamental value of the stock is at much lower levels. Thus one can go short on the stock with a closing stoploss of around Rs 3220.” Short IDFC for a target of Rs 102 and a stoploss of Rs 115. Short Reliance Capital for a target of Rs 270 and stop loss of Rs 310. Buy Future Capital Holdings for a target of Rs 140 and stop loss of Rs 124.50. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.
_PAGEBREAK_ Nooresh Merani, AMSEC Research Sell Jindal Steel with an intraday target price of Rs 460 and stoploss of Rs 490. This is the only stock which is closer to a breakdown in the metal segment. I would expect the stock to see some correction with the falling markets. So this could be a trade only for a couple of sessions. Buy Axis Bank with target of Rs 1020 and stoploss at Rs 950. The stock has been falling consistently over the last few days. If you look at the technical parameter called as Fibonacci Retracement it is closer to the 61% retracement of the whole move from January. So what we consider is the stock should bottom out in this zone. It may bottom out between Rs 950 to Rs 980 levels or may be a bit lower but I would expect the stock is a good entry point from a medium term view. Buy ITC. The stock gave a breakout around Rs 220 levels months back. After a huge rally the stock has come closer to those levels of Rs 220. One can initiate a buy position around Rs 225 levels keeping a stop loss at Rs 220 and an intraday target price of Rs 235. Buy Hindalco. The stock stayed firm today and it could head up to Rs 122 in the day and given the fact it has a lot of bottom around Rs 110-112 we have a stop loss at Rs 112. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients. PAGEBREAK_ Pankaj Jain, Sunteck Wealthmax Sell Central Bank. Stock has fallen with very heavy volumes, almost 7-8 times the regular volumes. Pathetic set of results, The profits were much below market expectations and we have seen a very substantial rise in NPAs, almost 100% rise in NPAs and already we were seeing that below Rs 90 we were seeing its almost breakdown kind of patterns. Already this banking space specially PSU banking space and midcap PSU banking space, it has been under severe pressure of selling. Sell Dena Bank. The results of Dena Bank were much below market expectations and what do you think this midcap PSU banking space, starting with Allahabad Bank, Central Bank, Dena Bank, Syndicate Bank, UCO Bank most of the results have been much below market expectations and we are seeing that this space as such has been sort off hammered down in last couple of days. Apart from that banking space as such the kind of erosion of net interest margins we have seen, concerns regarding implementation of BASEL III norm, so all these factors could take this midcap PSU banking space to much lower.” Short Educomp. The kind of breakdown patterns we are seeing in Educomp, I think below Rs 185 the stock seems to be on a very bearish kind of wicket and on say next 2-3 months kind of horizon ,we could expect, there could be very substantial fall in the stock. There are, there were issues regarding corporate governance, apart from that what we have seen that this education space which was a very fancied space till about a year back, it has lost its sheen and most of the investors, most of the HNIs and institutions I think they are not sort of interested in this space as of now. Buy Cochin Minerals. What we have seen is very serious increase in volumes in the stock and Q4 results, absolutely great set of Q4 results. Q4 profits were up from say Rs 70-80 lakh which was there in Q4 last year; profits were up to closer to about Rs 23-24 crore this quarter. Even the annual profits were higher from levels closer to Rs 5 crore last years to about Rs 50 crore this year. The equity base of the stock is pretty low and we are seeing that stock is forming new 52-week high and it has much more spaces to go. Disclosure: I don't have holdings in any stocks discussed but may have recommended them to clients.