Trading Calls: Buy PNB, Bajaj Auto, Sell Aurobindo Pharma, Say Experts
Indian stocks were struggling on Tuesday weighed down by pharma, FMCG, banking, realty and energy shares. The Sensex fell over 150 points while the broader Nifty index moved below 9,400. Pharma shares were among the worst hit in trade so far with frontline pharma shares like Sun Pharma, Cipla and Aurobindo Pharma falling between 3 and 8 per cent each. Analysts say the Nifty is likely to trade in the range of 9,400 on the downside and 9,500 on the upside and any breakout on the either side of the range will decide the trend for the index going ahead. Meanwhile, NDTV Profit spoke to market experts on their top stock picks and trading strategies.
Stock talk
Sameet Chavan, equity technical analyst, Angel Broking:
Buy Punjab National Bank for a target price of Rs 174 with stop loss at Rs 146
Buy Dish TV for a target price of Rs 106 with stop loss at Rs 95
Buy Bajaj Auto for a target price of Rs 3,080 with stop loss at Rs 2,860
Ashish Chaturmohta, vice president (head of derivatives and technicals), research, Sanctum Wealth Management:
Sell Aurobindo Pharma for a target price of Rs 525 with stop loss above Rs 605
Shrikant Shetty, VP, Advisory-Equities, Motilal Oswal:
Buy L&T for a target price of Rs 1,810
Buy ICICI Bank
Buy Zee Entertainment
Disclaimer: Investors are advised to make their own assessment before acting on the information.
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