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 month and week is the expiry week so correction is visible on the market but this is a routine correction which you should be prepared for. Therefore, it is wise to hedge the trading position for the time being. Anyway, I was saying for two-three days to sell IT and FMCG stocks and buy in PSU stocks. Big PSU stocks are doing well today.
He had already suggested me to buy Coal India, GAIL, PFC, REC (Coal India, GAIL, PFC, REC) very loudly before that they have reached a high today. Along with this, people were asked to short in Mindtree and HCL Tech in IT, in which people have made money by selling.
Sanjeev Bhasin said that now a correction of about 250 points has come in the market, due to which I feel that now a buying opportunity is being created, so I am advising to buy some legendary stocks from here, in which in the next 2-3 days There will be a strong uptick.
BUY DLF @399/401, STOP 390, TARGET 425
Sanjeev Bhasin recommends buying in DLF as one of the first picks for investors. He said that this stock should be bought at the level of 399 to 401. A target of 425 will be seen in this. Along with this, a stoploss of 390 should be applied in terms of safe investment.
BUY CHOLA FINANCE @557/559, STOP 548, TARGET 590
As second pick, Sanjeev Bhasin advises investors to buy CHOLA FINANCE. He said that this stock should be bought at the level of 557 to 559. A target of 590 will be seen in this. Along with this, a stoploss of 548 should be applied in terms of safe investment.
BUY L&T @1725/28, STOP 1700, TARGET 1830
As the third pick, Sanjeev Bhasin has advised investors to buy in L&T. He said that this stock should be bought at the level of 1725 to 1728. In this the target of 1830 will be seen. Along with this, a stoploss of 1700 should be put in it for a safe investment.
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