SP Tulsian of sptulsian.com told CNBC-TV18, "Counters which we have been seeing hugely shorts and two sectors where I am holding my positive bias are PSU banks and real estate stocks. One can look to go long in stocks like State Bank of India (SBI), Bank of India (BOI), Dena Bank, UCO Bank and Oriental Bank. These stocks are looking good in the PSU banking space."
"Real estate stocks on a selective basis like DLF, Indiabulls Real Estate or may be Unitech look good. Apart from that, if we go on individual basis, stocks like Jaiprakash Associates and Jain Irrigation may look like short covering ideas. That is a reason that the positive view is taken on the market for next couple of days," Tulsian said.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!
