8 stocks that were buzzing last week, how to trade them now

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On Tata Steel :

Sukhani told CNBC-TV18, "If you are an investor, Tata Steel is one of the better stocks. You hold on to it, go through it and accept the corrections that come and it is likely that they will. Keep a stoploss of Rs 500. So the view is hold but for a trader, an exit is also advised at higher levels."

Baliga told CNBC-TV18, "We have been suggesting a sell for a while especially when Tata Steel was beyond Rs 600 levels, we were saying it is a sell because we were looking at the steel cycle turning down and now with this credit squeeze and inventory unwinding in China, possibly we could see steel prices still falling further. At the same time raw material prices have been moving up especially iron ore which again is a concern."

He further added, "We feel that possibly Tata Steel can move to levels of around Rs 460-470. The standalone figures look extremely good but then you cannot look at it standalone, you need to look at the consolidated numbers which along with Corus could show a totally different picture."

On Geodesic :

Baliga told CNBC-TV18, "In fact we have been recommending Geodesic in the past couple of months especially when it was around the levels of Rs 95-100. It is a unique sort of a sector like instant messaging, IP, telephony and internet radio. I think this is one sector, which can grow tremendously."

He further added, "We have seen extremely good growth in the past couple of years, they have been growing at 100-150% year-on-year (YoY) although the last couple of months haven't been that good but I think we are a bit confident that over the next couple of years it will continue growing at very high growth rate. Looking at the sort of discounting around five times P/E, it still looks very cheap. But looking at the way the markets are, I suppose one can get this stock at levels of around Rs 105-110, I think at those levels one should buy it for long-term."

Sukhani told CNBC-TV18, "Geodesic has an excellent chart. One of the basic advantages is that it is in an uptrend and what we are seeing is a mild correction rather than a big decline, which other midcaps are going through."

He further added, "It is much higher than the mid-November levels although the Nifty has fallen back to the November levels, Geodesic hasn't done that. So all said and done, this is a stock in a bull market, you are essentially able to buy that on a correction that is the buy-on-dips strategy, it is likely to work out here. My suggestion is one should go and buy the stock if one doesn't own it."

On Indiabulls Real Estate :

Baliga told CNBC-TV18, "Whenever there is a bounce back, people should utilize that and exit from the realty space especially stocks like Indiabulls Real. Because although this stock has fallen from Rs 260-270 levels, we still feel that it can go down to levels of around Rs 130-140."

He further added, "Although they had good response for their Sky project and also for the Panvel project, the big question mark is the execution capabilities, which will be a question mark even going ahead. So from valuation angle, even for FY11, we do not see them showing more than Rs 3.5 or possibly Rs 4 EPS and from that point of view, it still looks extremely expensive. So I think a level of Rs 130-140 is possible."