NIFTY 50

Buy UPL, DCB Bank, PI Industries & sell BOI, says Ashish Chaturmohta of Sanctum Wealth Management

Updated : May 16, 2019 09:17 AM IST

The latest analysis and commentary by stock market guru Ashish Chaturmohta of Sanctum Wealth Management on what is moving the markets today.

He also spoke at length on UPL, DCB Bank, PI Industries and Bank of India.

Talking about F&O ideas Ashish Chaturmohta said, “UPL is a our preferred bet, Rs 955 would be my trading stop loss we have been recommending this idea for an upside target of Rs 1,000 zones it is a very strong breakout which is taking place on a weekly monthly oil chart frames so structurally looking good for 5-7 percent kind of upside from current levels. I have covered even cash segment call PI Industries into this because there is a strong delivery volumes and a very strong technical chart pattern which has been created so with a stop below Rs 1,000 I am expecting stock to hit Rs 1,160 kind of target which implies a decent 8-10 percent kind of an upside from current levels.”

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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