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Apr 21, 2017 12:12 PM IST | Source: CNBC-TV18

Buy M&M Financial; sell Cipla; RIL may test Rs 2200 in 12-15 months: Wagle

Sandeep Wagle of powermywealth.com is of the view that one can buy M&M Financial Services and sell Cipla while he feels that Reliance Industries may test Rs 2200 in 12-15 months.

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I would go with a buy in M&M Financial Services with a stop loss at Rs 344, target Rs 360 and a sell in Cipla with a stop loss at Rs 568, target Rs 548. "

"I have been a buyer in Reliance Industries from Rs 1,140 and at every dip, I have recommended even when the stock corrected to Rs 1,250-1,260 levels a couple of weeks back. That was the right level to buy it. If you are a trader, I think near around Rs 1,500, you can book some profits but talk of the next 12-15 months, I have my targets set anywhere between Rs 2,000 and Rs 2,200,"  he said.

"So I would be a buyer on every dip. I do not see the stock go below Rs 1,200, that would be a very safe stop loss," he added.

Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.

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