Buy Titan Ind, Timken, Berger Paints: Tulsian

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

Buy Titan Industries with a day target of Rs 252 and stop loss of Rs 240. On Friday, we have seen huge volume in the stock having taken place largely because of the short covering coupled with renewed buying. The flow of renewed buying is likely to continue in the stock and hence a buy call.
Buy Timken with a day target of Rs 160 and stop loss of Rs 150. On Friday, we have seen a huge volume in the stock because promoters are holding 80 percent plus stake in the company and have earlier indicated that they may go for the offer for sale or the promoter stake dilution but in that announcement they have also said that they may or may not adhere to this announcement. Going by the volume or the informed circle having actively participated in the stock indicates that probably the delisting seems to be on the cards which can make the stock to move quite high in the time to come and hence a buy call.
Buy Berger Paints with a day target of Rs 199 and stop loss of Rs 189. The stock looks very good because all the paint stocks have always been the darling of the market. Company having acquired the decorative division of Sherwin Williams last week is seen quite positive but because of the profit booking we have seen the stock having corrected to the current level which gives a good entry point for the short-term investor and hence a buy call.
Short HDIL with a day target of Rs 62.50 and stop loss of Rs 66.50. On Friday, we have seen again a huge amount of delivery based selling having taken place in the stock which indicates little caution that probably the same flow of this selling may likely to continue in the time to come and otherwise also all real estate stocks have witnessed huge profit booking and are showing weakness in the time to come and hence a sell call.