SP Tulsian of sptulsian.com told CNBC-TV18, "One may go long in Adani Enterprises. We have been seeing good amount of technical strength. The counter is held by strong hands and that is what is seen from the start of the series. The series started on a very low note and since then the stock has risen. So, whenever one sees this kind of trend happening, the bullish trend continues till the expiry. So, look for a level of Rs 248 at the end of the day, maybe a rise of about Rs 3-4 from hereon with a stoploss of Rs 242."
"One may short Bank of India (BOI) with a target of Rs 210. However, in this last maybe 10-15 minutes we have seen a good fall in BOI or maybe all other stocks. So, maybe the target can get revised to Rs 209 or Rs 208 also. This counter shows lot of volatility, lot of weakness is seen," he said. "One may sell Dena Bank because it is moving out of F&O with the expiry of this November series. So, all the positions have to get liquidated, one won’t be having the window in the December series for Dena Bank. So because of that again the weakness may be seen. One can even take a downward level of Rs 53.50 with stoploss of Rs 55." "One may short YES Bank with a target of Rs 344 and stoploss of Rs 352."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
