Prakash Gaba of prakashgaba.com, Rajat Bose of rajatkbose.com and Krish Subramanyam of Altamount Capital 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 HDFC Bank, Kotak Mahindra Bank, Bajaj Auto, State Bank of India (SBI), and Bharti Airtel.
Rajat Bose stock ideas are, “Two contrarian calls that I would like to place here is HDFC Bank, I would put a stop above Rs 2,387 and sell targets Rs 2,353 and Rs 2,345. Kotak Mahindra Bank is a sell stop loss would be Rs 1,444 targets Rs 1,450 and Rs 1,407.”
Prakash Gaba stock recommendation are, “Bajaj Auto seems to be looking okay. Possible target on the upside is in the vicinity of Rs 3,100 stop below Rs 3,034 on Bajaj Auto should be fine. Second is on the banking pack SBI is trying to form a base here some kind of short covering could happen. Target on the upside Rs 315 stop below Rs 307.”
Krish Subramanyam stock picks are, “SBU has been in this band of Rs 300-310 for last two to three weeks but promises to break out on the upside so one could go for Covered Call buy futures at 320 Strike Call that is quoting at around Rs 10 keeping a very modest target of Rs 320 and one could keep a stop loss of Rs 302. Bharti Airtel it is almost on the verge of some sort of a breakout today it is making all the right positive move so it is trading just below that resistance level. One can again do a Covered Call, buy the future sell 340 Strike Call that is quoting at around Rs 11 for a possibly target of Rs 342 and one could keep a stop loss of Rs 321.”
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