Sell HDIL, IVRCL; buy SKS Micro, Liberty Phos: SP Tulsian

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

Buy SKS Microfinance with a target of Rs 175 and stop loss of Rs 162. The company has posted robust Q3 numbers with operating profit of Rs 32 crore and bottom-line in blank which was indicated by the company management about six months back and this is likely to be seen quite positive by the market as a turnaround story and renewed buying is likely to emerge into the stock and hence a buy call.
Buy Liberty Phosphate with a target of Rs 223.50 and stop loss of Rs 211.
Short Housing Development Infrastructure Ltd (HDIL) January Futures with a target of Rs 66 and stop loss of Rs 74. In spite of a big fall in the share price of this company in last two-three days still the counter is looking weak because yesterday we have seen delivery based selling of about 3 crore shares and this kind of relentless selling is likely to continue from the institutional investors which can make the share price to correct further and hence a sell call.
Short IVRCL January Futures with a target of Rs 30 and stop loss of Rs 34. Same thing is witnessed here also. Yesterday we have seen delivery based selling of over one crore shares in last one hour from the institutional shareholders and this kind of selling is likely to continue in times to come because the institutional shareholding is quite high at 35 percent with promoter stake of less than 20 percent which is seen to be quite negative for the counter and hence a sell call.