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Buy Adani Ports & GAIL, says Krish Subramanyam of Altamount Capital

Updated : May 31, 2019 12:00 PM IST

Rajat Bose of rajatkbose.com, Kiran Jadhav of kiranjadhav.com and Krish Subramanyam of Altamount Capital discusses with Surabhi Upadhyay and Sumaira Abidi 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 Havells India, Indiabulls Housing Finance, Godrej Consumer Products, Jindal Steel & Power (JSPL), Adani Ports & GAIL.

Rajat Bose stock picks are, “I am looking at buying Havells, I would put a stop loss at Rs 729.80 yesterday it failed because of expiry consideration once the expiry is through the Havells see also getting traction again. Rs 745 and Rs 749 are the two targets. Indiabulls Housing Finance, the chances are it will climb further up and cross that Rs 800 mark. Rs 804-809 are the two targets and I would put a stop loss below Rs 786.”

Kiran Jadhav stock recommendations are, “There are two calls, one is long and one is short. For the long I believe Godrej Consumer Products is one stock that one should look at because on the end of day chart is doing a trend reversal price pattern and on the intraday charts it is still in a great momentum. Have a stop loss at Rs 675 and for today the target would be Rs 697 for tomorrow that is Monday the target should be Rs 707. A short call on JSPL, metal stock looks weak to me. Very near stop loss is at Rs 161.50 and for a target of Rs 150 should be achieved today.”

Krish Subramanyam stock picks are, “Stock specific couple of stock which have seen some decent roles going into June. The first one is Adani Ports where one could possibly buy the futures for a target of Rs 430 keeping a stop loss of Rs 405 and GAIL this has been one steady feature and also seen some steady roles going into the June series. One could buy for a possible target of Rs 375 and also suggest a stop loss of Rs 357.”

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.
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