Buy Tata Elxsi, Federal Bank; short Just Dial: Rahul Shah

Rahul Shah of Motilal Oswal Securities told CNBC-TV18, "Tata Elxsi, after a long time have seen a good momentum. In yesterday’s session, the stock was up 3 percent. In today’s session also we have seen good amount of longs getting built up in this stock. So, I feel that this stock can cross Rs 2,150 or so from the current level. So, I would buy Tata Elxsi with a stop loss of Rs 1,990 for target of Rs 2,150." "In the etire banking space and more specially in the private sector space, we are seeing a lot of momentum getting built up. So, we have seen IndusInd Bank posts results touching closer to the new high or maybe YES Bank today again. So, this momentum still shows a lot of strength in entire private sector banks. So, I would buy Federal Bank with a stop loss of Rs 47 for target of Rs 51," he said. "I think Just Dial has been trading on discount, cash to futures for last two to three months or maybe more than that. So, I feel that long unwinding has been seen in this stock in last couple of days. So, I would short Just Dial with a stop loss of Rs 875 for target of Rs 790."