In a recent interview with CNBC-TV18, Soni Patnaik from JM Financial Services provided buy recommendation on Coal India and sell recommendation on UPL.

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She recommended buying shares of Coal India citing several factors that make it an attractive option for investors. She highlighted that the stock had experienced robust rollovers with 86% on the long side, indicating significant market confidence in the company's future performance.

Despite turbulent market conditions, Coal India has maintained its stability, consistently holding around ₹300. She advised investors to consider buying Coal India at its current levels.

For those entering the market, Patnaik suggested setting a stop loss at ₹299 to manage potential losses. As for the upside, she indicated that investors could target levels of ₹330-335.

Over the past month, Coal India's shares have already gained more than 7%, making it an appealing option for potential investors.

In contrast to the bullish outlook on Coal India, Patnaik had a bearish perspective on UPL, particularly regarding its futures. She pointed out that UPL had witnessed a significant increase in short positions transitioning from the October to November series, with shorts accounting for 96% of the total positions.

Analysing the stock's performance on the charts, Patnaik noted that UPL appeared weaker, which aligned with the high short interest. Investors were advised to consider selling UPL futures, with potential downside targets set at ₹540-520.

To manage risk, Patnaik recommended setting a stop loss at ₹580, acknowledging the potential for market fluctuations.

In the previous month, UPL had experienced a decline of more than 9%, making it a target for short-sellers.

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