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Buy Bajaj Finance, Raymond, ICICI Bank, says CA Rudramurthy of Vachana Investments

Updated : May 16, 2019 12:08 PM IST

Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.com and CA Rudramurthy BV of Vachana Investments 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 Canara Bank, Infosys, Reliance Industries, PC Jeweller, Tata Global Beverages, Bajaj Finance, Raymond, and ICICI Bank.

Sudarshan Sukhani stock picks are, “Reliance Industries is a buy this is for the day because I am already suggesting not carrying any positions. Infosys is a second stock that is a buying opportunity so two largecaps are buy for the day. Canara Bank from the PSU bank list is the short sell.”

Mitessh Thakkar stock recommendations are, “A sell on PC Jeweller with a stop at Rs 110 for targets of Rs 96 and Tata Global Beverages was a buy but in the last few minutes it has hit the target so that can be avoided by if somebody has Rs 216-220 it is good level to take trading profits.”

CA Rudramurthy BV stock picks are, “I have a buy call on Bajaj Finance, today it has results but price action is very positive looking at targets of Rs 3,085 with a stop loss of Rs 3,010. Raymond has strong support at levels of Rs 770 today it is bouncing from those levels target of Rs 795 with a stop loss of Rs 765 and a final buy call on ICICI Bank results  were very good but because of price action some correction was seen. I will be buying with a tight stop loss of Rs 375 looking for targets of Rs 387.”

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Follow stock recommendations by Mitessh Thakkar here: https://www.cnbctv18.com/author/mitessh-mthakkar-111/

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.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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