SP Tulsian of sptulsian.com told CNBC-TV18, "One may go long on Dish TV India because the kind of run up which we have seen in the stock in this last one hour indicates that probably the buy momentum will get accelerated in this last one hour. Take a long position on Dish TV with a target of Rs 54 and a stoploss of Rs 52."
"I am going long on Goodyear India because the kind of run up which we have seen in all the tyre stocks. MRF, Ceat, JK Tyre have all been continuously running but if one sees this multinational company, they have posted an earnings per share (EPS) of Rs 20 in first half of this calendar year. Apart from that if one sees the volumes, today it is little high, maybe about 2X or 2.5X than the normal volume. So one can look for a level of about Rs 340 with a stoploss of Rs 330," he said.
"I have gone long on Bombay Dyeing and Manufacturing Company. We have seen the stock moved up in this last half an hour and now ruling at close to about sub-Rs 63. So look at the level of about Rs 65 by end of the day with a stoploss of Rs 62."
"Tata Steel has been struggling. There is a short call on Tata Steel. Since morning it has not been able to breach Rs 300 and it has been holding a level of Rs 296. So probably the liquidations we have seen the profit booking coming in into the JSW Steel, which we have seen a good run up in these last three-four days. So maybe the same thing, same trading pattern may be get seen in the Tata Steel also. So look for a level of Rs 296 with a stoploss of Rs 301."
"In YES Bank we have seen the huge longs having got built up in the morning. Our expectations of good run up, this being a high beta stock, so I feel that there is not much increase in the open interest (OI) that means all the positions which have got created in the morning has to get liquidated by end of the day. So look for a level of Rs 327 with a stoploss of Rs 335."
"In IDFC we have seen the huge longs having got built up since morning and that also will come for liquidation by end of the day. So I have target of Rs 94 with a stoploss of Rs 96 in it."
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