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VIDEOS
Market

Buy Reliance Industries, ICICI Bank & sell Zee Entertainment, says Yogesh Mehta of Motilal Oswal

Updated : May 15, 2019 12:05 PM IST

Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.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 Hexaware Technologies, Hindustan Petroleum (HPCL), Interglobe Aviation, Coal India, Reliance Industries, ICICI Bank, and Zee Entertainment.

Sudarshan Sukhani stock recommendations are, “The first stock is Hexaware Technologies, it has broken out of 8 months trading range. I have spoken about it earlier how it is on the verge of a breakout and there is a buying opportunity there. Hindustan Petroleum which had sharp correction has found support and it is probably looking for some momentum on the upside that is a buy. Finally, Interglobe Aviation is a buy.”

Mitessh Thakkar stock picks are, “I have a buy on Interglobe Aviation, it has moved on slightly but around Rs 1,600 buy with a stop below Rs 1,580 for targets of Rs 1,640. Coal India is a sell with a stop at Rs 242.50 for targets of Rs 230.”

Yogesh Mehta stock picks are, “My first trade is Reliance Industries, yesterday after a strong move in the second half still it is continuing to be in the positive territory and one can initiate long positions keeping a stop loss of Rs 1,260 in future segment and for a target of Rs 1,310-1,315 levels. The other one is ICICI Bank, strong support around Rs 376-377 levels and the risk reward is very much favourable. Keeping a stop loss of Rs 377 target could be in the range of Rs 395 for long in ICICI Bank. The short one is Zee Entertainment. It is down by almost 8-8.50 percent currently but it has breached its support line of Rs 323 so till it remains below these levels one can initiate short for a target of Rs 300 and revised stop loss could be in the range of Rs 328.”

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.
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