Check out: Tulsian's top bets as winter session starts

Below is an edited transcript of SP Tulsain's interview on CNBC-TV18.

Q: What are your expectations for the first few days from the Parliament session that starts tomorrow?

A: Some positive can be expected from the FDI in retail, maybe the retail stocks. This is because of the no confidence motion and then no support from the other opposition parties for the 'no' confidence motion even though they agreed to oppose the FDI.  Also, there doesn’t seem to be much steam with the opposition once that goes through, probably that will be quite positive for the retail stocks.

So, one can take a call on the stocks like Pantaloon Retail and maybe some cash-traded stocks like Shoppers Stop, Trent and there are 8-10 smaller retail stocks available in the cash segment. So, one can look to play or take a positive call on those stocks. Except that I don’t think there will be any positive outcome. The whole four-week session which is expiring on 20th December, is likely to be subdued.

Things are likely to be lukewarm, nothing positive can be expected though many of the legislations are lined up for consideration by the parliament. I don’t know how far this parliament will be running and how far serious business will get transacted. So, I am not expecting any positive outcome from this session as well, apart from some positive bias on the retail stocks.

Q: Your view earlier on the November series was not particularly optimistic. Do you still think in the last 10 days of the series the market could head lower?

A: Yes I am keeping my view intact. I have been taking a call of 5450 on Nifty and maybe 10800 for Bank Nifty. But Bank Nifty intermittently is showing some regain. Once you see the index getting corrected by 200-300 points, again it starts moving up by 50-100 points which we have seen today.

I am keeping that same stance; it may not hit the 10800 but will be able to hold 11000. I am expecting it to breach 11000 and maybe the Nifty at the level of 5450- 5500 by expiry because even after the start of the Parliament session we have exactly one week for the expiry of this November series and that could be a bit negative for the market.

We may see some profit booking coming in, in fact the overseas money flow has started tapering off maybe because of the weakening of the rupee. At that stage the money stops coming into the market, so overall no positive triggers are seen for the market for next one week or so starting from tomorrow and I am expecting mild weakness to come into the market. So, same levels 5450-5500 on Nifty and below 11000 for Bank Nifty.

Q: Today, real estate stocks like Peninsula Land , DB Realty did quite well. Among these, which one would you plumb for?

A: I am keeping my positive stance on Peninsula Land; I have been advising that since yesterday when the stock corrected to the level of Rs 62-63. That looks quite promising because if you see the big run up, which we saw last week, since then practically all the real estate stocks whether DB Realty, Peninsula Land, HDIL , Indiabulls Real Estate or Orbit Corporation . Those who have a strong presence in Mumbai have all been witnessing the profit-booking.

One cannot really say that the breakdown has happened into the stocks or maybe the negative perception has started building up. So, the positive stance continues to remain and my positive stance is on the Peninsula Land. If you really want to pick one stock from the Mumbai market that should be Peninsula Land and from the NCR Region, it is Anant Raj Industries . So, these are a few stocks where one can still go long in spite of seeing a good run up today.