Bull's Eye: Short ONGC, Tata Motors, DLF; buy BOC India

CNBC-TV18 brings you a brand new week of Bull's Eye. It's the 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 Reliance Power with a day target of Rs 137 and stop loss of Rs 126. The buy call on the stock has been given because Samajwadi Party is seemed to be the party leading in UP and likely to form the government and if that happens this is seen quite positive for the stock because the company then can swiftly accelerate the power generation capacity in the near future and hence the value buying is seen in the stock on Saturday and this momentum is likely to continue for the day also hence a buy call.
Second call for the day is a buy call on Fresenius Kabi Oncology with a day target of Rs 166 and stop loss of Rs 154. After the successful delisting of Alfa Laval with huge premium at a PE multiple of 40 plus all the potential delisting candidates are witnessing renewed buying interest ahead of the delisting move to be initiated by all these companies and this company falls in that category because the promoters are holding 90% stake and it is expected that maybe in next couple of months the delisting move is likely to get initiated which is likely to happen at around Rs 200 and hence a positive call.
Third call for the day is again a buy call on BOC India with a day target of Rs 510 with stop loss of Rs 475. This buy recommendation has also been given on the delisting theme as promoters are holding 89.5% stake in the company and company is consistently posting good profit with EPS of close to about Rs 15 which may results in a delisting successful price discovery of close to Rs 550. The process of delisting move is likely to get initiated in next two to three months and hence a buy call.
Fourth and last call for the day is a buy call on Alok Industries with a day target of Rs 23 and stop loss of Rs 20.90. The company is learned to be in the process of selling its real estate for a price of over Rs 2,000 crore which is likely to deleverage the balance sheet of the company to a great extent and if this happens or if this news works out to be true, the share is likely to witness renewed buying interest and indications of this kind of buying has been seen on Saturday by delivery based buying seen in the stock and hence a buy call on the stock.

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  Aashish Tater of Fort Share Broking
I am going long on GVK Power for an intraday target of Rs 19 with a stoploss of around Rs 18. The rationale behind this particular stock that we feel is a fundamental bet and should not be traded on daily basis, but looking at technical the stock is finding support between Rs 17.15-18 odd levels and we feel on charts it should go and test Rs 24 in near-term. Taj GVK has again come up in limelight with Reliance increasing its stake in TIH and we saw how hotel stocks reacted on Saturday. We feel the momentum could continue for Taj GVK as it has after a very long time crossed its hurdle thus we have a technical target of close to Rs 85 with a stop of around Rs 80 on closing basis. If someone has a perspective of next four to five days one should keep a closing stop of Rs 80 and should see a target of Rs 92.50 in days to come.
I am going to short DLF for an intraday target of Rs 194.50. It is looking weak on charts and we feel even fundamentally we have a very low target under the stock given current scenario. So a safe bet on short side.
I am going to short ONGC for a target of close to Rs 260 in days to come. The basic rationale for shorting is the failure of the auction route for ONGC and we feel if the government would have come at Rs 260 the stock would have got very good response and thus we feel market sentiments would pull it down to the levels.
 
 
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  Lancelot D Cunha of Sharyans Wealth Management
My first call for the day is a buy call on Hathway Cable with a target price of Rs 178 and a stop loss of Rs 168. Hathway Cable is a major beneficiary in the government