Sanjeev Bhasin, director of IIFL Securities, has great experience in the stock markets. Sanjeev Bhasin has been associated with the market for the last nearly 30 years. They keep a close watch on the movements in the markets. IIFL Securities clients have been benefiting from their tips on stocks for years. Now Sanjeev Bhasin presents the top-of-the-century conversion pics to viewers on CNBC-Awaaz thrice during the business day.
Know which earning stock this morning, Sanjeev Bhasin has a keen eye on-
9.47 AM
Sanjeev Bhasin gave an opinion on the market and said that shopping opportunities are being created in the market at this time, so one should buy in select stocks in the market. The market will show strong momentum by the end of this month after digesting all negative news. He said that one should shop in the auto sector keeping a bullish outlook. He said buy in Escorts, in addition to shopping in Maruti can also be done.
Sanjeev Bhasin recommends buying Hdfc as the first pix for investors. He said that the largest lander should shop at HDFC. There is no question of loss in it.
He said that this stock should be bought at the level of 2415 to 2417. It will have a target of 2496. Also, for safe investment, a stoploss of 2383 should be put in it.
Buy Hdfc 2415/17, Stop 2383, Target 2496
As a second pix, Sanjeev Bhasin has advised investors to buy into the city unions bank. He said that this stock should be bought at the 171.5 to 172 level. It will have a target of 180. Also, for safe investment it should put a stoploss of 168.65.
Buy city unions bank 171.5 / 72, Stop 168.65, Target 180
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