Corona’s rising rafters have increased market tension. The market took a sudden dive today after one lakh new cases and strictures like lockdown in Maharashtra. Strong selling in banking and financial stocks dominates. There is also a lot of pressure on aviation, hotels, multiplex stocks.
The reason is that the market is getting support from IT shares. In today’s decline, many stocks have been significantly corrected. Today we will know if there are shopping opportunities for one or two weeks this fall.
Sameet Chavan of Angel Broking, Gaurav Bissa of LKP Securities and Tradebulls Sacchitanand Uttekar have joined CNBC-Awaaz to discuss it.
Angel Broking’s Sameet Chavan’s Earning Picks: RELAXO
Sameet said that one should shop at RELAXO. These sectors will show momentum later. It should put a stoploss of Rs 878 and can see a target of Rs 968 – 990.
GAURAV BISSA Earnings Pix of LKP Securities: TATA ELXSI
Gaurav recommends buying this stock. He says that a stoploss of Rs 2650 should be put in it and a target of Rs 2950 can be seen in it.
SACCHITANAND UTTEKAR Earnings Pix of Tradebulls: ADVANCE ENZY
Gaurav recommends buying this stock. He says that it can see a target of Rs 400 in 2 to 3 weeks. It should be bought at the level of 363 and put a stoploss of 348 in it.
Sameet Chavan’s Earning Picks by Angel Broking: INTERGLOBE AVIATION
Samit said that INTERGLOBE should be sold in AVIATION. Due to increasing cases of Corona, there will be further slowdown in this sector. It should be sold at Rs 1550. It can see a target of Rs 1450 and a stoploss of Rs 1610 should be put in it.
GAURAV BISSA Earnings Pix of LKP Securities: CSB BANK
Gaurav recommends buying this stock. He says that a stoploss of Rs 230 should be put in it and a target of Rs 255 can be seen.
SACCHITANAND UTTEKAR Earnings Pix of Tradebulls: KOTAK MAH BANK
Gaurav recommends buying this stock. He says that it can see a target of Rs 1900 during 2 to 3 weeks. It should be bought at the 1730 to 1750 level and a stoploss of Rs 1680 should be put in it.
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