Devangshu Datta, Consulting Editor at Business Standard told CNBC-TV18, "One long call is Tata Consultancy Services. It has lost some ground today. One could have an upside till about Rs 1710-1720. Keep a stop loss in Rs 1620-1630 range and go long. One will get a bounce from the results."
He further added, "Second call would be a short on Coal India. It has just held above Rs 285-286 levels. If that breaks the stock could fall to a new low of Rs 275-276. It is worth going short and keep a stop loss at about Rs 295. One might have to hold for 2-3 sessions."
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