Short Tata Global Beverages, HDIL: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, “I have two short calls, one based on the results and one on the expectations of the numbers. Optically, Tata Global Beverage`s numbers look good but if you see the fine print, market may not like that number so much which justifies this stock to move to this level and the long positions, which we have seen got created in last couple of hours are likely to get liquidated by close of the day. So I am going short on Tata Global Beverages with a day target of Rs 145 and a stop loss of Rs 148.”

He further added, “The second short call which I am seeing in the huge longs having got built up in the stock is HDIL. Ahead of its numbers tomorrow, probably people will be little cautious. It is a short call with target of Rs 50 and stop loss of Rs 51.50.”