Go long on Ambuja Cement, HDFC: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, “The two sectors which I have chosen which are doing very well and that has been my expectation, one is cement and second is a bank finance.”

He further added, “Ambuja Cement- the kind of corrections which we have seen into the stock probably will lead to the short covering. Apart from that the value buying is likely to emerge at the current level because the share is ruling quite low. So, the target for the remaining part of the day is Rs 179 with stop loss of Rs 175. The second stock which I have chosen is on the long side again on HDFC because this stock having corrected from Rs 920-925 on the expiry day to the current level of about Rs 850. So, one can initiate a long call now with a target of Rs 865 and stop loss of Rs 850.”