Sanjeev Bhasin, Director, IIFL Securities has vast experience in the stock markets. Sanjeev Bhasin is associated with the market for the last 32 years. They keep a very close watch on the movements in the markets. Clients of IIFL Securities have been making profits for years from his tips on stocks. Now Sanjeev Bhasin brings to the audience the top Conviction Picks of earnings thrice during the business day on CNBC-Awaaz.
Know which earning stock is keeping a close eye on Sanjeev Bhasin during this afternoon-
Sanjeev Bhasin giving his opinion on the market CNBC-Awaaz Told that it is justified to recover some profit after such a huge boom. Anyway, nowadays correction or profit recovery is seen only intraday. We should keep in mind that not everything will increase in the market, so earlier also told you to collect profit from metal and IT. One should stay invested in good stocks in the market for the time being. The correction in the market is nothing to worry about.
Bhasin further said that the market is fully priced at this time, so buy some stocks and sell in some. You will not see new highs being made every day. The height of 60000 in Sensex and 18000 in Nifty will not be seen everyday. In this context, it is time to become a contrarian in the market. Invest in Auto, Midcap Banks and Pharma. Banking stocks will be seen performing very well.
Record-breaking rally continues in the market, know earning trades from Vinay Rajani of Hdfc Securities
Buy Ashok Leyland @ 126.75/127, Stop 124, Target 133
Sanjeev Bhasin has recommended buying in Ashok leyland as one of the first picks for investors. He said that now auto stocks will do well, this stock looks very attractive at this level. He said that this stock should be bought at the level of 126.75 to 127. A target of 133 will be seen in this. Along with this, a stoploss of 124 should be applied in terms of safe investment.
Buy Federal bank @ 80.75/81, Stop 78.25, Target 88
As second pick, Sanjeev Bhasin advises investors to buy in Federal Bank. He said that its results will be very good. One should buy this stock at 80.75 to 81 level. A target of 88 will be seen in this. Along with this, a stoploss of 78.25 should be put in it for a safe investment.
Buy Auro Pharmaceuticals @ 716/718, Stop 704, target 745
As the third pick, Sanjeev Bhasin advises investors to buy Auro Pharmaceuticals. He said that the opportunity to buy these giant pharma stocks at this level should not be missed. He said that one should buy this stock at the level of 716 to 718. A target of 745 will be seen in this. Along with this, a stoploss of 704 should be applied in terms of safe investment.
(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)
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