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VIDEOS
Market

Buy Reliance Industries, Canara Bank, says stock expert Rajat Bose

Updated : April 23, 2019 12:55 PM IST

The latest analysis and commentary by stock market guru Rajat Bose of rajatkbose.com on what is moving the markets today.

He also spoke at length on HDFC Bank, Punjab National Bank (PNB), Lupin, Reliance Industries, and Canara Bank.

"Now I have chosen Reliance April futures to buy I would put a stop loss below Rs 762 target would be Rs 1,390. If they were to be really a short covering rally it would be led by Reliance I still believe but I have kept a very small stop loss if it is other way round your losses would be much less. Canara Bank I expect some kind of a recovery there. Rs 271.25 is my stop loss I would suggest a buy Rs 277 is the first target and if that is bridged then Rs 279.50 would be the next target."

“HDFC Bank is a sell, put a stop loss above Rs 2,310 once it falls decisively below Rs 2,279 it is likely to fall to Rs 2,258-2,243. This is a very weak bank and it is actually going to create problems for Bank Nifty. Punjab National Bank (PNB) I would say that put a stop loss below Rs 85 I am expecting a pullback target would be Rs 92 if that is crossed then Rs 93.50 and finally pharmaceutical stock for delivery. I would say put a stop loss below Rs 835 for Lupin and buy it for targets of Rs 900 and 925 because medium term moving averages are giving very strong buy signals.”

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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