Good news for all investors and traders! Indian markets are all set for some great action and they may even see Nifty cross the 11000 mark by mid-July as against the earlier expectations at the end of July, Sanjiv Bhasin, analyst and Director at IIFL told Zee Business Managing Editor Anil Singhvi.
Bhasin said that Nifty Bank brings in the real opportunity for investors to make good amount of money. Exuding confidence Bhasin said that the bank stocks and mid-caps are likely to have a good run in the coming days.
Watch Zee Business Tweet Video Below:
भसीन के हसीन शेयर:- जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज इन 3 शेयरों को चुना आपके मुनाफे के लिए?
— Zee Business (@ZeeBusiness) June 22, 2020
He further said that the ‘Feeling of Missed out’ does not remain now among the investors. Markets are in a band where any fall should be utilised to buy, the IIFL director recommends.
Bhasin gave his top three picks. One is the State Bank of India (SBI) which he recommends for a ‘Buy’ around Rs 185-187. The bank stock prices are likely to reach Rs 225 in next two months. He also expects the re-rating to start among the PSU banks. His second top pick is Adani Ports. The stocks is currently valued at Rs 348, the analyst said adding the investors to keep a stop loss at Rs 342 and the target price at Rs 365.
His third pick is Sun TV. He advises the investors to buy at Rs 405-407 with a stop loss of rs 395 and a target price of Rs 425.
Among the mid-cap stock RBL, Bandhan Bank and India Bulls were the top picks of the channel which have performed well, Bhasin said. While RBL and Bandhan Bank stock prices have appreciated by over 25 per cent, India Bulls shares have gained by 40 per cent.
See Zee Business Live TV Streaming Below:
He further said that the stocks like HUL, Hero Motocorp, Canara Bank, Bank of Baroda, Motherson Sumi and PFC have all met their short term targets, he added. The investors with a long term view can remain invested, he said.