Buy, Sell Or Hold: RIL, ITC, Wipro, ONGC, Coal India, BSE — Ask Profit

Should you buy shares of Reliance Industries Ltd. and Coal India Ltd. at the current market price? Is Indian Railway Catering and Tourism Corp. a good choice from a long-term perspective? Should you keep holding shares of ITC Ltd. and Oil & Natural Gas Corp.?

Rajesh Bhosale, equity technical analyst at Angel Broking, and Mahesh Ojha, research analyst at Hensex Securities Pvt, answered these investor queries and more on NDTV Profit's Ask Profit show.

Coal India (CMP: Rs 360.35)

Bhosale: Hold

• Short-term trend remains negative.

• Once the stock crosses Rs 400, positive momentum may be triggerred.

Ojha: Hold

• Expecting Rs 460 to Rs 475 in the one-year horizon.

• Stock is currently in lower consolidation.

Reliance Industries (CMP: Rs 1,171.25)

Ojha: Hold

• Bearish pattern in the stock.

• Lower consolidation could be possible after Rs 1,185 level.

ITC (CMP: Rs 397.45)

Ojha: Buy

• Can add further stock in a staggered way.

• Downsides can be used for buying opportunities.

• May see uptick in FMCG demand after market stabilisation.

BSE (CMP: Rs 4,359.45)

Bhosale: Buy

• Next support level will be around Rs 3,960 to Rs 3,980.

• May add around 25% at current levels.

• Accumulate further on dips.

Ojha: Buy

• May see more downsides from these levels.

• Has upside potential in the five-year to 10-year horizon.

Wipro (CMP: Rs 283.55)

Ojha: Buy

• Less volatility as compared to other IT majors.

• May see downside up to Rs 270.

• Ideal level to enter would be Rs 275.

Bhosale: Buy

• Can be bought in a staggered manner.

• Current dip is a buying opportunity.

IRCTC (CMP: Rs 676.60)

Ojha: Buy

• Stock has much more potential for an upside.

• May rise up to Rs 820 in a six to nine-month horizon, and Rs 900 in a year.

• Current levels are ideal for buying opportunities.

ONGC (CMP: Rs 225.13)

Ojha: Hold

• Stock has upside potential.

• Hold the stock for long-term horizon yields.

• Limit exposure at 12% to 15%.

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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