Buy Kingfisher Air, ABG Shipyard, Berger Paints: Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day

Buy Kingfisher Airlines with a day target of Rs 9.10 and stop loss of Rs 8.50. The United Breweries Group is likely to submit the revival plan very soon to Directorate General of Civil Aviation (DGCA) for the company and this is likely to be seen quite positive and in anticipation of that yesterday we have seen good amount of informed buying having taken place in the stock and the same trend is likely to continue and hence a buy call.
Buy ABG Shipyard with a day target of Rs 356 and stop loss of Rs 337. The stock has been seeing the buying from the informed circle which has made the stock to move by more than 15 percent in last two-three days and the momentum of the buying is likely to continue which will make the stock to move to the level of Rs 375 or so in the near-term, but the day target has been given at Rs 356.
Buy Berger Paints with a day target of Rs 198 and stop loss of Rs 190. The paint stocks are seen to be quite defensive in this market and the shares are seen under accumulation including Berger Paints and this buying momentum can make the share to move up to about Rs 198-200 in the near-term and hence a buy call.
Sell Reliance Power with a day target of Rs 60 and stop loss of Rs 63.50. All the power stocks are seen to be quite weak because there has been no assurances from the government in respect to the feed stocks and this stock having touched 52-week low is having the fear of huge equity dilution in the time to come, because they are completing their projects and the money will be required to draw the debt from the banks and the financial institutions and this fear may loom large on the company keeping it weak in the near-term and hence a sell call.