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, Aashish Tater of Fort Share Broking and Lancelot D Cunha of Sharyans Wealth Management battle it out for top honours.
Below their top stock picks and analysis: SP Tulsian of sptulsian.com
My first call for the day is a buy call on Jet Airways with a day target of Rs 294 and stop loss of Rs 272. The company is seen to be huge beneficiary for divergence of business from Kingfisher Airlines and Air India because both of them seem to have curtailed their operations. The theory that poison of one is food for other proves to be right here. The counter is witnessing renewed buying interest coupled with short covering and the positive trend is likely to continue for the day and hence a buy call.
Second call for the day is again a buy call on BGR Energy with a day target of Rs 346 and stop loss of Rs 325. This call has been given largely because of the positive view on the capital goods sector and this stock seems to be the best stock amongst the capital goods sector to give good returns in the near term and hence a buy call.
Third call for the day is a buy call on Allahabad Bank with a day target of Rs 196 and stop loss of Rs 186. The banking sector is looking good and midcap PSU banking stocks are also looking good and this stock is chosen in that category and hence a buy call.
Fourth and last call is again a buy call on HDFC Warrants with a day target of Rs 83 and stop loss of Rs 75. This one warrant entitles the warrant holder to subscribe for one share of HDFC at Rs 600 in August 2012. Hence this seems to be a good proxy play that any investor who wants to buy HDFC share can instead go and buy this HDFC Warrant because whatever rise we will be seeing in the HDFC share, 80% of that in the absolute rupee term will be seen in the warrant and hence a buy call.
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Aashish Tater of Fort Share Broking
The first stock for the day is Andhra Pradesh Paper Mills. We feel this particular asset has got tremendous potential in days to come. International paper paid Rs 544.90 for this particular asset and the current market price is less than Rs 180. We feel the downside on this particular stock is protected and people with longer timeframe should be able to see at least Rs 350-370 on cards from next 12-15 months perspective. A safe bet from a longer term frame and a buy on dip candidate from our side - intraday target close to Rs 200.
I am going long on JSW Energy for an intraday target of close to Rs 67.80 with a stoploss of around Rs 60. We feel this stock has been hovering between Rs 60-70 and since it has taken a U-turn from Rs 60 levels, the stock should go and test Rs 69 to Rs 73 in next two to three days timeframe.
I am going long Tinplate. It
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