In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares his trading strategies for the day.
Buy Sun Pharma Advanced Research Company with a day target of Rs 166 and stop loss of Rs 143. The company has posted robust Q4 numbers with a profit after tax (PAT) of Rs 44 crore. While for the whole of FY13 company made a net loss of Rs 22 crore, so this robust performance for Q4 is likely to see the buying continuing in the near term.
Buy Autoline Industries with a day target of Rs 101 and stop loss of Rs 95. This stock is witnessing value buying at the lower level on hopes that Q4 numbers scheduled on Saturday are likely to be good and apart from that the company may revive the process of sale of 100 acres of land near Pune.
Buy Sonata Software with a day target of Rs 33 and stop loss of Rs 28.50. The company is witnessing the informed buying on hopes of some corporate announcements to be made by the company and Q4 numbers apart from some tie-ups having made by the company in the last fortnight is seen quite positive by the market.
Buy Reliance Communication with a day target of Rs 117 and a stop loss at Rs 110. The renewed buying is seen in the stock after a pause of about couple of days on hopes that company may soon take up monetisation of its stake in its subsidiaries, Reliance Globalcom and Reliance Infratel to pare its debt and that is likely to be seen quite positive by the market and hence a buy call.
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