Sanjeev Bhasin said, do SIP in these 3 midcap banking stocks, you will earn huge

Sanjeev Bhasin, Director, IIFL Securities has vast experience in the stock markets. Sanjeev Bhasin is associated with the market for the last 32 years. They keep a very close watch on the movements in the markets. Clients of IIFL Securities have been making profits for years from his tips on stocks. Now Sanjeev Bhasin brings to the audience the top Conviction Picks of earnings thrice during the business day on CNBC-Awaaz.

Know which earning stock is keeping a close eye on Sanjeev Bhasin during 1 pm today-

Giving opinion on the market, Sanjeev Bhasin said that the market is continuing to rise. Nifty is trying to exit above 15800. Now it is a matter of few days when Nifty will be seen touching the level of 16000. So sell-off will not be visible today like yesterday. On the other hand, if the global markets remain bullish, then our markets will not be disappointed and there will be a boom here.
Bhasin said that I have been saying for many days that sell shares of midcap IT and invest in midcap banks, today its glimpse is visible and there is slippage in IT stocks in the market.

Bhasin said he is very bullish on midcap banking stocks like RBL Bank, Bandhan Bank and IDFC First Bank. To earn well, investors should do SIP in it, in which they will get huge profits in 6 to 9 months.

Buy Hdfc Bank

Sanjeev Bhasin has given buying advice in Hdfc Bank as one of the first picks for investors. He said the stock is very attractive at this stage. He said that one should buy this stock at 1503 to 1503 level. In this the target of 1565 will be seen. Along with this, a stoploss of 1471 should be applied in terms of safe investment.

Buy Zee

As the second pick, Sanjeev Bhasin advises investors to buy Zee. Its ad revenue has grown strongly and is expected to continue, he added. He said that this stock should be bought at the level of 213.5 to 214. A target of 220 will be seen in this. Along with this, a stoploss of 209 should be applied in terms of safe investment.

(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)

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