Sanjeev Bhasin said that 15000 levels have been seen in the future and this level will be seen soon in the cash too.
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 is at 1 o’clock this afternoon, Sanjeev Bhasin’s keen eye-
1.10 PM
Sanjeev Bhasin gave an opinion on the market and said that the level of 15,000 has been seen in the future and this level will be seen soon in the cash as well. Today the steel sector is booming, hence JSW Steel, Tata Steel and Hindalco are their portfolio picks. These will outperform further. Therefore, one should shop in good stocks in the market at this time.
Sanjeev Bhasin recommends buying in Bharti as the first pix for investors. He said that elections are taking place in various states across the country this month. Therefore, data consumption will be substantial. Due to Kovid, work from home is once again being preferred, so data consumption will also increase. Recently the company has tied up with Jio. Apart from this, Airtel Money has become a big payment gateway, so it will see a good boom by the end of this month and by May it can see a level of 650. He said that this stock should be bought at the level of 544 to 544.5. It will have a target of 565. Also, for safe investment, a stoploss of 533 should be put in it.
As the second pick, Sanjeev Bhasin advises investors to buy at IOC. He said that it is the largest refinery in the country. Apart from this, its current quarter figures will be the best figures so far due to realization. He said that this stock should be bought from 93.25 to 93.50. It will have a target of 100. Also, for safe investment, a stoploss of 90.4 should be put in it.
