SP Tulsian of sptulsian.com told CNBC-TV18, "I have been keeping the positive stance on CESC for the last couple of days and it seems to have bottomed out. In fact that was my recommendation in the morning also that the stock after Q3 numbers which were not bad but seeing the stock getting corrected from Rs 450 to a level of Rs 425 and now the buying has resumed back into the stock, I am expecting it to move to a level of Rs 443 by end of the day with a stoploss of Rs 435."
"Today we have seen the buying coming back into United Spirits and one can call it as a warehousing or maybe the value buying coming back into the stock. Once it goes out of the accumulation then one can see it moving to a level of Rs 2550-2600 also but that may take about maybe couple of weeks or maybe a month or so. For the day I am taking a target of Rs 2410 with a stoploss of Rs 2350," he said.
"One may go long in Mahindra & Mahindra Financial Services because along with the banks one has to take a positive call on the housing finance companies and the non-banking financial companies (NBFCs) also. Mahindra & Mahindra Finance has been holding post the numbers which were disappointing. It has not broken the level of Rs 240 and since then it has been seeing moving in a range. Again it has started moving or shown an upward movement from a level of Rs 242 only. Yesterday or day before we saw those levels coming back. So, look for a level of Rs 255 ."
"One may buy Jindal Steel & Power. I think that still there is a trading steam left for the day. Look for a level of Rs 257 with a stoploss of Rs 250."
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!
