HomeNewsBusinessStocksBuy Canara Bank; short Tata Steel: SP Tulsian

Buy Canara Bank; short Tata Steel: SP Tulsian

SP Tulsian of sptulsian.com advises to buy Canara Bank and short Tata Steel at current levels.

May 30, 2013 / 20:17 IST
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SP Tulsian of sptulsian.com told CNBC-TV18, "Considering the technical nature ahead of the expiry I found that Tata Steel which saw huge long positions having got built after its results and my negative stance has been kept on the stock for last couple of days. So, short call on Tata Steel with a target of Rs 303 and stop loss of Rs 308."

He further added, "Some of the PSU banking stocks I am expecting them to give a better close again because of the better technical factors. So, long call on Canara Bank with a target of Rs 438 and stop loss of Rs 430.”
first published: May 30, 2013 08:17 pm

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