NIFTY 50

Buy Reliance Industries, Aurobindo Pharma & UPL, says Yogesh Mehta of Motilal Oswal

Updated : May 29, 2019 12:23 PM IST

Sudarshan Sukhani of s2analytics.com, Kiran Jadhav of KiranJadhav.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 Tata Consultancy Services (TCS), Britannia Industries, M&M Financial Services, Reliance Industries, Aurobindo Pharma, and UPL.

Sudarshan Sukhani stock picks are, “IT is doing well today, so there is a small momentum on that sector. Tata Consultancy Services (TCS) is a buying opportunity and Infosys after many days has come up and is worth buying into. Generally IT is a sector where you can buy into. Britannia Industries is gaining today and that V shaped rally in Britannia continues so there is a momentum that we should capture and we should be buying it.”

Kiran Jadhav stock recommendations are, “First is M&M Financial Services which should be bought stop loss will be Rs 419 target would be Rs 429-433 latest by tomorrow morning. Second is a Reliance Industries which is buy stop loss Rs 1,320 target is Rs 1,340-1,345 for the day.”

Yogesh Mehta F&O stock picks, “Aurobindo Pharma has given a strong positive outlook and Rs 690 was the major resistances today it is quoting at Rs 693-694 levels. One can initiate a long position to this keeping a small stop loss of Rs 685 target could be in the range of Rs 710-715 levels. The other one is Reliance Industries Rs 1,310-1,320 is a strong support level currently it is quoting at Rs 1,329-1,330 level keeping a stop loss of Rs 1,315 target could be in the range of Rs 1,360-1,365 levels. The third one is UPL Rs 985-990 band is a strong support. It has retraced from Rs 1,045 all-time high. One can initiate a long position into this keeping a stop loss of Rs 985 target in the range of Rs 1,015-1,020 levels.”

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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