'Bankable ideas: Kotak Bank, IDBI, Mercator Lines': Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com

From the shipping space, any particular counters that you like?

Sandeep Wagle: MLL, Mercator Lines is what I am liking. It is giving a breakout as we speak, above 61 and this stock has the potential to go to somewhere around 66 to 67 in the next four to five trading sessions. Traders can buy this stock at current levels with a stop loss of 59 and a target of 66 to 67.

One or two bankable ideas from your side?

Sandeep Wagle: Kotak Bank is what I have already talked about. I have a buy on Subhash Projects in the range of 160 to 155, a stop loss of 148 and this is a little long term three to four weeks time horizon. The target is around 192 and this can be bought on declines in the range of 160 to 155. I have a buy on Welspun India in the range of 102 to 98, stop loss of 94.30 and a target of 115 and I have a buy on IDBI in the range of 124 to 122, stop loss of 119, target of 135.