Market expert Sacchitanand Uttekar has been regularly recommending his mid cap stock picks in this popular show ‘Special Mid-cap Stocks’ with Anil Singhvi. Uttekar said that pharma sector is the place to be as this has seen continuous momentum over a period of time. There are certain stocks where an opportunity for buying is arising on declines. Check here which other sectors he is bullish on!
Top Stocks To Buy: Sparc
Uttekar picked Sun Pharma Advanced Research Co (Sparkc). He said that this particular counter is hovering around its 200-day mean exponential moving average. The charts showed a bullish hammer formation which suggests that there is a strong support around Rs 165. This stock is currently trading around Rs171. He recommends a buy on this stock with a stop loss at Rs 157. If the market outperforms, this stock could see levels around Rs 200.
Watch Zee Business Tweet Video Below:
— Zee Business (@ZeeBusiness) September 22, 2020
Top Stocks To Buy: Gujarat Gas
The analyst picked a stock from the gas sector. He said that many analysts have been recommending stocks from this sector. He said that Gujarat Gas stock should be within the radar of investors. This stock has been trading in a range-bound manner for the last 14 weeks. This stock is currently trading around Rs 296. He said that there is some resistance around Rs 240. He expects a breakout in this stock. This particular position should be kept even from the trading perspective, this analyst said. He puts the target price at Rs 340. He puts the stop loss at Rs 265.
See Zee Business Live TV Streaming Below:
Top Stocks To Buy: LT Technology Services
Uttekar picked a stock from the IT sector with a long term view. He recommended L&T Technology Services. This stock is currently trading around Rs 1617. It has attempted to reach the Rs 1700 levels thrice since 2018. The monthly closing in this stock is expected around this level. He expects a breakout soon, in this stock. He puts the stop loss at Rs 1440. He puts the target price at Rs 2080.