SP Tulsian of sptulsian.com feels Reliance Capital is largely a value buy because of short covering and the value buying at the lower level.
Tulsian told CNBC-TV18, "There are purely intraweek ideas. I would not be recommending taking a longer view. We see good amount of volatility happening in Adani Enterprises , but one has to really see the pattern of trading also taking place in the stock. Adani Port , which is subsidiary of this company, got a relief from Supreme Court by having a stay on the Gujarat High Court judgement and that will be seen positive more for the Adani Enterprise being the holding company rather than Adani Port though the positive view can be taken on both."
Ambareesh Baliga, Independent Analyst advised buying Tata Motors , if it falls by another Rs 25-30 per share.
Baliga told CNBC-TV18, "If I see another dip of Rs 50-60 more from here in SBI , clearly at those levels it becomes a buy. Dr Reddys has been on the buy radar for quite a while. Tata Steel at these levels I really don't see much downside because already it has corrected from those Rs 428-430 levels to the current levels. I think the downside is just about another Rs 5-8 from here. So I think at these levels it would be bought."
According to Ambareesh Baliga, Independent Analyst, one can buy Voltas at around Rs 87 with a target price of about Rs 110-112.
Baliga told CNBC-TV18, "A dark horse again - Voltas where we saw a turnaround in the third quarter results. Although the operating profits are slightly lower than expected I expect the margins to improve going ahead. After the results we saw some correction. It has come down to levels of Rs 87 and I think at these levels one can buy it with a target price of about Rs 110-112. It could take possibly about next four to six months, but we should be able to reach those levels."
VK Sharma of HDFC Securities advised buying Cipla 380 call at around Rs 8 with a stop loss at Rs 5.
Sharma told CNBC-TV18, "We like Cipla for next week. This is a stock that went down to a level of Rs 375, then buying emerged which added around four percent to the open interest. This buying was on the long side. The price didn't move up more than 0.1 percent but the fact is that it came to neutral territory, which was good enough on a day in which most of the stocks were down. So I am suggesting buying the 380 call here at around Rs 8. Keep a stop loss at Rs 5 and hope to sell this at a price of Rs 15, which is almost earning double of your premium."
DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.