Buy, Sell Or Hold: Hitachi Energy, MCX, NHPC, Eternal And Varun Beverages — Ask Profit

Should you add shares of Hitachi Energy India Ltd.? Should you hold shares of Multi Commodity Exchange Ltd. at the current market price? Have you lost the chance to buy NHPC Ltd. stock at an attractive price? Should you sell shares of Eternal Ltd.?

 Rahul Sharma, Head of Technical Research at Equity99 and Avinash Gorakshakar, founder of Avinashmentor.com, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Hitachi Energy India (CMP: Rs )

Sharma: Wait And Watch

• Wait for some more time.
• Let it come above Rs 29,200- Rs 29,500 levels and then see if the stock sustains these levels or consolidates further.
• If ones has it in their portfolio, keep stoploss at Rs 25,600.

Multi Commodity Exchange (CMP: Rs 3,315)

Gorakshakar: Hold

• Market leader in Commodity space.
• Second quarter numbers have been very strong.
• Numbers are ahead of what the Street estimated.
• Can continue to hold.
• Buy in a staggered manner at lower levels 

NHPC (CMP: Rs 78.49)

Sharma: Hold

• Continue to hold.
• Average out your position.
• Stock is looking good on technical charts.
• If it sustains above Rs 81, it can move in the upwards direction.

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Eternal (CMP: Rs 344.50)

Sharma: Hold

• Good momentum since upwards journey from lows of Rs 307.
• Target price of Rs 370 for two months.
• Stoploss at Rs 335.

Varun Beverages (CMP: Rs 420.45)

Sharma: Hold

• Charts are quite weak.
• If the stock moves abover Rs 425, can reach Rs 450.
• Hold and watch the resistance level of Rs 425.

Central Depository Services (CMP: Rs 1,323.80)

Sharma: Wait And Watch

• Wait for two or three sessions.
• If it sustains above the 200 DEMA, it's a good buy

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Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.

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