The stock market is gutted by the budget. Someone is calling it BOLD then DREAM budget. All are expected to return to MAGICAL growth in the economy by budget. This is the reason that the market saluted the budget with record speed. There is strong shopping in every sector. This budget rally of the market is expected to continue even further.
Experts in Haftavasuali will tell you about such stocks in which there are signs of strong MOVEMENT. CNBC-Awaaz stars Samit Chavan of Angel Broking, Gaurav Bisa of LKP Securities and Rajat Bose of rajatkbose.com in this special show.
Rajat Bose of rajatkbose.com on the market
If the Nifty crosses the 14700 level, it can go beyond 15000. But there is still scope for shopping. Caution must be exercised when shopping at this level in the market.
Samit Chavan of Angel Broking’s opinion on the market
Samit said that there was a lot of short covering before the budget, so there has been such a strong move after the budget. However, looking at the market, one should create a buying mood right now.
Gaurav Bisa of LKP Securities on the market
Yesterday saw a lot of aggressive shopping and after so much aggressive shopping, now you have to avoid aggressive shopping. However, the mood is still positive on the market. Therefore, stock specifics can make purchases and should wait for the dip in the market after that.
rajatkbose.com’s Rajat Bose budget-earning pics: ITC
Rajat has advised buying in this stock. They have suggested shopping for a target ranging from Rs 230 to Rs 235 with a stop loss of Rs 210.
Gaurav Bisa of LKP Securities, budget-earning pics: AMBER ENT
Gaurav recommends buying in this stock. They have suggested to buy for a target of 2950 with a stop loss of Rs 2550. He said that it has seen a breakout. Right now the price action here is good and movement is being made in it.
Samit Chavan of Angel Broking’s Post-Budget Picks: PNB
Sameet recommends buying in this stock. They have suggested buying a target of 41 with a stoploss of Rs 33 in it. PSU banks are not showing pace yet. Bank Nifty has seen a boom due to private banks. After the last 3 to 4 years, there is a good movement in PNB. So one should shop in it.
Rajat Bose of Rajjatkbose.com budget-earning pics: IDFC First Bank
Rajat has advised to buy in this stock. They have suggested buying a target of up to 58 with a stoploss of Rs 39 in it. This stock has come down today so it has a place to go up. It will go up gradually.
Samit Chavan of Angel Broking’s Post-Budget Picks: INFY
Sameet has advised to sell in this stock. They have suggested selling it for a target of 1175 with a stoploss of Rs 1312. He says that there is fatigue in Nifty IT. Therefore, selling this stock would be advisable.
Gaurav Bisa of LKP Securities, budget-earning pics: DBL
Rajat has advised to buy in this stock. They have suggested a buy for a target of 475 with a stoploss of Rs 425. Gaurav has said that it has had a breakout. Has tested breakout. This may involve pullout. Its setup is quite good on the daily chart, so one should buy it.
(Disclaimer: Ideas and investment advice given on Moneycontrol.com Investment experts have their own personal views and opinions. Moneycontrol advises users to consult a certified expert before making any investment decision.)