SP Tulsian of sptulsian.com told CNBC-TV18, "The market is positive and the banking and financials, real estate and capital goods, all been doing well. So obviously the choices have been made from that only. I am going long on LIC Housing Finance with a target of Rs 196 with a stoploss of Rs 191 for remaining part of the day. The second long I have taken is on DLF, because of the renewed buying interest. So take a target of Rs 139 till end of the day with stoploss of Rs 134."
"I have picked up one real estate stock which is Indiabulls Real Estate, because whenever we see it moving up, it swiftly moves up maybe by about couple of percentage in the last half an hour itself. So take long position on Indiabulls Real Estate for a target of Rs 57 with stoploss of Rs 55.50," he said. "Ranbaxy Laboratories is an interesting stock on which I have been holding my positive view since the stock has corrected to the level of Rs 330 and it has been holding to those levels. I think the big breakout has come in the stock because of the renewed buying interest. So take a day target of Rs 355-356, but I am taking a target of maybe about Rs 390 in next one week or so. So this could be taken as a positional call, but those who want to remain disciplined only for intraday they can look for a level of about Rs 356 with stoploss of Rs 345." "One may go long on Axis Bank. Bank stocks are doing quite well. YES Bank and IndusInd Bank have been moving up. So take a long position on Axis Bank with a target of Rs 1,050 and stoploss of Rs 1,025."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
