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Rahul Shah of Motilal Oswal recommends a buy on DCB Bank, Grasim & a sell on M&M
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Rahul Shah of Motilal Oswal recommends a buy on DCB Bank, Grasim & a sell on M&M
Jun 10, 2019 3:10 AM

Sudarshan Sukhani of s2analytics.com, Mitessh Thakkar of mitesshthakkar.com and Rahul Shah of Motilal Oswal 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 answered viewer stock queries.

They also spoke at length on Bajaj Finserv, Siemens, Aurobindo Pharma, Bata, Punjab National Bank (PNB), Jet Airways, Reliance Industries, DCB Bank, Grasim Industries, & Mahindra & Mahindra (M&M).

Sudarshan Sukhani stock recommendations are, “Financial stock had started the day well, some of them will probably still continue with gains and Bajaj Finserv is likely to be one of them. So, Bajaj Finserv is a buying opportunity. The other is infrastructure that is a sector that we want to buy whenever there is an opportunity and today we have Siemens as a buy. Siemens and L&T should now be in the portfolio of most investors but for today consider buying Siemens. Aurobindo Pharma is a short sell the reasons are so easy to understand. The chart is simply collapsing that is an intraday sell.”

Ashwani Gujral stock ideas are, “Bata is a buy with a stop of Rs 1,395 target of Rs 1,440. Punjab National Bank (PNB) is a sell with a stop of Rs 80 target of Rs 74. Jet Airways is a sell with a stop of Rs 121 target of Rs 110.”

Rahul Shah stock picks are, “The three stock sides in market are two long and one short. One being from a private sector bank DCB Bank. Stock is near its 52 week high and slowly stock has been inching up. So a good long position and good technical breakout so with a stop loss of Rs 232 and target of Rs 252 one should go long on DCB. Second is Grasim, we saw post results stock hitting Rs 965 and from there it has hit again Rs 860 or odd so stock has support at Rs 862 with that stop loss I would go long in Grasim with a target of Rs 915. An auto stock we have been seen that mayhem is still continued and I feel auto still should some weakness. In that space M&M looks the weakest among the lot so I would short M&M with a stop loss of Rs 652 and target of Rs 628.”

Follow stock recommendations by Ashwani Gujral here: https://www.cnbctv18.com/author/ashwani-gujral-115/

Follow stock recommendations by Sudarshan Sukhani here: https://www.cnbctv18.com/author/sudarshan-sukhani-159/

Disclaimer

: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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