According to Devangshu Datta of Business Standard, one may go long on Reliance Infrastructure as the stock may move up.
Devangshu Datta of Business Standard recommends selling Bharat Heavy Electricals (BHEL) as the stock may go back to Rs 115-116.
Devangshu Datta of Business Standard is of the view that Tata Consultancy Services (TCS) may touch Rs 2,100. "One can keep a stoploss at Rs 2030," he adds.
Business Standard said the FDA had issued form 483 to Ranbaxy regarding its Mohali plant. That form is issued when U.S. inspectors see conditions they believe may violate US rules.
Devangshu Dutta, Consulting Editor, Business Standard is of the view that one can short Power Finance Corporation while can buy Ashok Leyland, Reliance Communications.
UR Associates has come out with its report on infrastructure sector. According to the research firm, there are around 100 projects of over Rs 10 bn awaiting clearances from various ministries.
AK Bhattacharya, editor, Business Standard does not foresee any problem in the resolution being carried forward. Once the bill goes through this political process, it will reassure foreign investors that it would then be unlikely to be tweaked or reversed, says Bhattacharya.