Buy Ambuja Cements, Tata Power; sell Adani Ports: Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "One may go long on Ambuja Cements with a target of Rs 199 with a stoploss of Rs 195. We know that tomorrow is the result but if one sees the price behaviour for last 3-4 days suddenly it moves up by Rs 2. In fact the level or the behaviour of the price is strong. If one sees those levels coming in one should exit from the stock but look for a level of Rs 199."

"One may go long on Tata Power Company because all the power stocks are in the news today and power index is the highest gainer. So, go long on Tata Power with a target of Rs 83 and stoploss of Rs 81.50," he said. "One may short Bharat Petroleum Corporation (BPCL) because what today we are seeing the peculiar behaviour that people are shifting from BPCL to Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC). One should not take this call that all the oil marketing companies are weak. Infact HP and IOC both are positive and may be because people are shifting from BPCL to HPCL, IOC thinking that BPCL has run up a lot may be infact Rs 366 has been seen as a good resistance for last 3 or 4 days. So, take a level of Rs 360 by shorting now with a stop loss of Rs 365." "One may short Adani Ports and Special Economic Zone. For last 3-4 days the stock has moved up. It has moved to as high as Rs 163 intraday. Look for a level of Rs 158 with stoploss of Rs 161.50."