Buy Ranbaxy, RComm; sell Century Textiles: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "We are not getting any clear trend from any sector so one needs to be stock specific and obviously since the momentum is on we have seen the kind of so called index management. Now the index heavyweights are really performing quite well."

One may go long on Ranbaxy Laboratories with a day target of Rs 399 with a stoploss of Rs 388. If one compares the result with Q2 and Q3, I don't find much variance. Actually when one recalls Q2 results, the stock has moved up by more than Rs 100-120 in a week or so. Probably that same momentum is likely to continue. We may see the results as negative but I don't think when one compares it with Q2 and Q3 on sequential basis one really find any kind of disappointment," he said. "One may go long on Shriram Transport Finance Corporation with a day target of Rs 620 with stoploss of Rs 605." "One may go long on Reliance Communications (RComm). Today we have seen Bharti Airtel reporting good numbers and moving up. Same thing may happen with Idea Cellular. Long positions can be taken today in RComm at current level with target of Rs 148 and stoploss of Rs 144." "One may sell Century Textiles and Industries with a target of Rs 271. This target can be kept at Rs 270 also with a stoploss of Rs 277."