Short Indiabulls Real Estate, Canara Bank: SP Tulsian

SP Tulsian of sptulsian.com advises to short Indiabulls Real Estate and Canara Bank.

Tulsian told CNBC-TV18, “I have picked up both the short call one on the real estate sector and second on the banking one. The real estate sector I have gone short on Indiabulls Real Estate with a target for next 30 minutes target of Rs 68.50 with a stop loss of Rs 70.50.” He further added, “For Canara Bank the target I have given, that is obviously a short call with a day target of Rs 415 and stop loss of Rs 422.” On April 26, Indiabulls Real Estate closed at Rs 70.45, down Rs 0.60, or 0.84 percent. It has touched an intraday high of Rs 72.50 and an intraday low of Rs 69.60. On April 26, Canara Bank closed at Rs 421.50, down Rs 17, or 3.88 percent. It has touched an intraday high of Rs 438.80 and an intraday low of Rs 419.20.