Go long on Dena Bank, Asian Paints, RComm: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "One may go long on a public sector udertaking (PSU) mid sized bank which is Dena Bank for a target of Rs 52 with a stoploss of Rs 50.50."

"One may go long on Asian Paints. The consumption story has all been panning out. Today we have seen the stock moving below Rs 500. So, take a target of Rs 520 with a stoploss of Rs 510 in the stock," he said. "Good amount of correction has happened in Reliance Communications and now I think this makes a safe entry point and again ahead of the expiry sometimes we see the good momentum happening in this stock also though it has nothing to do with the index management or sector management. So, take a target of Rs 145 with a stoploss of Rs 141." "One may go long on Karnataka Bank with a target of Rs 100 and stoploss of Rs 97.50."