SP Tulsian of sptulsian.com told CNBC-TV18, "There are two short calls, first on United Phosphorous with a day target of Rs 142 and stop loss of Rs 147 because the kind of profit booking which we have been seeing in the stock and that is likely to continue because of the huge run up which we have seen post its good number."
He further added, "The second short call on Tata Steel with a day target of Rs 304 and stop loss of Rs 310 because I have been keeping my negative stance on all the ferrous metal stocks, whether you talk of JSW Steel , Jindal Steel and Power (JSPL), Tata Steel or Steel Authority of India(SAIL)."
Shardul Kulkarni of Angel Broking told CNBC-TV18, "In case of DLF , the company has already announced a floor price but the charts are indicating that the stock can fall below that floor price of Rs 222. So, I would look at going short in case of DLF. The upside stop loss would be at Rs 239 on the May futures and expect DLF to come down to around Rs 220-218."
DLF closed at Rs 232.00, down Rs 4.70, or 1.99 percent. It has touched an intraday high of Rs 235.95 and an intraday low of Rs 230.60. There were pending sell orders of 426 shares, with no buyers available.
SP Tulsian of sptulsian.com told CNBC-TV18, "In this last one and half months Reliance Communication has more than doubled and the reason being there has been some tie-up with Reliance Jio that is the Reliance Industries , Mukesh Ambani's company and now the company has given an indication that they will monetizing their assets, their stake in Reliance Globalcom and Reliance Infrtel both, by which they bring down their debt by about Rs 15,000-17,000-18,000 crore but that is not likely to happen in the next 3-4 months but we have seen a good run up in the share price haven taken place by which share has moved to Rs 110-112. In fact that has been its peak in the recent times."
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would be a buyer in Hindustan Unilever on a correction. There is no need to rush into it now. My target of Rs 1000 for the stock remains valid."
Hindustan Unilever closed at Rs 582.55, down Rs 3.45, or 0.59 percent. It has touched an intraday high of Rs 585.60 and an intraday low of Rs 581.50. There were pending buy orders of 83 shares, with no sellers available. It was trading with volumes of 136,790 shares.
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