SP Tulsian of sptulsian.com told CNBC-TV18, "One may go long in United Breweries with a target of Rs 800 till end of the day. The stock has been holding the level of Rs 790. May be at the end we may see some buying coming in which can make the stock to move to a level of Rs 800. Infact we have seen those kind of levels – breaching Rs 800 and then profit booking came in. So, I am going long on United Breweries with a stop loss of Rs 783 and target of Rs 800."
"One may go long in Ranbaxy Laboratories for a target of Rs 431 till end of the day with a stoploss of Rs 422," he said. "One may short Oriental Bank of Commerce (OBC) because all the PSU banking stocks are seeing profit booking. Infact that has been the trend for last couple of days and I think the same trend is likely to continue for next couple of days also. So, look for a level of Rs 209 with a stoploss of 214." "One may short JSW Energy. Look for a level of Rs 54 with stoploss of Rs 55.50."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!
