HomeNewsBusinessStocksShort IndusInd Bank, says SP Tulsian

Short IndusInd Bank, says SP Tulsian

According to SP Tulsian of sptulsian.com, one may short IndusInd Bank and YES Bank.

January 10, 2014 / 16:05 IST
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SP Tulsian of sptulsian.com told CNBC-TV18, "In IndusInd Bank you have to see the liquidation of the positions which is all there and I do not think that people will really be carrying their positions overnight or maybe as a positional trade hereafter. So take a level of Rs 403 with stop loss of Rs 410."

"YES Bank is due to release their results in the next week. So take a short call on YES Bank for a level of Rs 345 with stop loss of Rs 352," he added.

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"I am going long on Bharat Petroleum Corporation (BPCL). It formed a bottom of Rs 317 a couple of days back, since yesterday it has been seeing the renewed buying coming in and now Indian Oil Corporation (IOC) FPO or maybe the divestment is not there, so you have positive effect on these stocks also, so look for a level of Rs 331 with stop loss of Rs 324."

"Go long on IRB Infrastructure. The stock has been holding, but in this last half an hour it has corrected in line with the whole market, but I think that it can bounce back, so look for a level of Rs 93 with stop loss of Rs 91."

first published: Jan 10, 2014 02:53 pm

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