SP Tulsian of sptulsian.com told CNBC-TV18, "First sell call is on LIC Housing Finance because all the banking and finance stocks are looking weak. There is no point in going short on the public sector undertaking (PSU) banking stock at this stage because some of them are looking weak because of the ex-dividend factor. So, I have gone short on the LIC Housing Finance for a day target of Rs 254 with a stop loss of Rs 260."
Also Read: Exit Opto Circuits, Renuka fundamentally weak: Tulsian Tulsian further added, "The second short call is on Shree Renuka Sugars because the stock has been under continuous bearish pressure for last ten days or so and this is likely to continue. A lot of delivery based selling and liquidation of the long position is happening. I have a target of Rs 15.70 and a stop loss of Rs 16.30."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!
