NIFTY 50

Buy ONGC, Aurobindo Pharma & Bharat Forge, says Gaurav Bissa of LKP Securities

Updated : June 11, 2019 12:16 PM IST

Sudarshan Sukhani of s2analytics.com, Ashwani Gujral of ashwanigujral.com and Gaurav Bissa of LKP Securities discusses with Latha Venkatesh and Anisha Jain 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 Tata Global Beverages, InterGlobe Aviation, Asian Paints, Maruti Suzuki, UPL, Rural Electrification Corporation (REC), ONGC, Aurobindo Pharma, & Bharat Forge.

Sudarshan Sukhani stock recommendations are, “I would look to buy midcaps, so buy Tata Global Beverages, it has come out of that very sick months long trading range it is now giving us upside momentum there is more to it. Then buy InterGlobe Aviation, it has been my favorite stock, it has been rallying consistently, there is more momentum on the upside for the investor IndiGo could suggest a target of Rs 2,000 plus. That is for the longer term. But for trader modest target of Rs 1,694 today could be visible. Buy Asian Paints, together with Berger Paints is giving us a breakout on the upside. So, stay long.”

Ashwani Gujral stock picks are, “UPL is a buy with a stock of Rs 1,020 target of Rs 1,065. REC is a buy with a stop of Rs 150 target of Rs 162 and Maruti Suzuki is a sell with a stop of Rs 6,950 target of Rs 6,870.”

Gaurav Bissa F&O stock picks are, “First recommendation would be a buy on ONGC where we have seen minor amount of longs getting build, one can keep a stop loss of Rs 165-166 on the upside. Rs 173 is what I would be expecting so one can buy ONGC futures. Second recommendation would be buy on Aurobindo Pharma, one can keep a stop loss of Rs 630 on the upside Rs 660 is what I would be expecting. Third recommendation is buy on Bharat Forge. One can keep a stop loss of Rs 462 on the upside Rs 480 is what I would be expecting.”

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

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

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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