Buy Hotel Leela, Manappuram Fin, Strides Arcolab: Tulsian

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

Buy Hotel Leela with a day target of Rs 33 and stop loss of Rs 31. Some big positive corporate announcements are expected from the company either in the form of stake sale or in the form of asset monetization and in anticipation of that we have been seeing informed buying in the stock for last one week or so and hence a buy call. Buy Manappuram Finance with a day target of Rs 35 and stop loss of Rs 32.80. After company having posted dull Q2 numbers the stock has corrected and it seems to have bottomed out and since then we have been seeing the stock under constant buying by the value investors and the stock is likely to move to about Rs 36 to Rs 38 in next one month or so but the day target of Rs 35 has been given on the stock with a buy call. Buy Strides Arcolab with a day target of Rs 1,025 and stop loss of Rs 980. This pharmaceutical company has hit lifetime high which makes this stock technically strong apart from that we have been seeing the informed buying in the stock for last one week and this momentum is likely to continue on the lines we have seen some of the other stocks like Shasun Pharmaceuticals and Wockhardt and hence a buy call. Short Pantaloon Retail with a day target of Rs 170 and stop loss of Rs 180. The kind of oppositions which we are seeing by the political parties in the parliament against FDI in retail is going to be seen negative for the stock which can make it correct by about 6-8 percent in next three-four days and hence a short call.