Buy Reliance Industries, Tata Motors & sell Kotak Mahindra Bank, says Yogesh Mehta of Motilal Oswal

Source:- cnbctv18.com

Ashwani Gujral of ashwanigujral.com, Sudarshan Sukhani of s2analytics.com, and Yogesh Mehta of Motilal Oswal discusses with Prashant Nair and Ekta Batra their readings and outlook on market technical and F&O side of the market as well as specific stocks and sectors.

They also spoke at length on ICICI Bank, Hindustan Zinc, CG Power, Adani Ports, L&T Finance Holdings, Hindustan Unilever (HUL), Reliance Industries, Tata Motors and Kotak Mahindra Bank.

Sudarshan Sukhani stock recommendations are, “My picks are mixed, first is the ICICI Bank that dip that we are seeing in ICICI Bank could be an intraday buy. But primarily there are two short sells Hindustan Zinc and CG Power. Both have charts which are in mini bear market of their own so today they could simply add to the gain from the downward trend.”

Ashwani Gujral stock ideas are, “Adani Ports is buy with a stop of Rs 425 target of Rs 442. L&T Finance Holdings is a sell with a stop of Rs 126 target of Rs 118 and Hindustan Unilever (HUL) is a sell with a stop of Rs 1,850 target of Rs 1,800.”

Yogesh Mehta stock picks are, “We are recommending here Reliance Industries, from the current price one can initiate a buy keeping a stop loss of Rs 1,315 in future segment and target could be in the range of Rs 1,370-1,375. The other one is buy on Tata Motors stock was languishing throughout last 3-4 sessions but now it has shown a divergence on the charts and one can keep a stop loss of Rs 168 target could be in the range of Rs 178-180 levels. Third one is a short candidate on Kotak Mahindra Bank, today it has broken the crucial support of Rs 1,487 one can initiate short positions in Kotak Mahindra Bank keeping a stop loss of Rs 1,505 in future segment target could be in the range of Rs 1,440.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.