Watch the interview of Aditya Agarwal of Way2wealth Securities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Aditya Agarwal's interview with CNBC-TV18
Sun Pharmaceutical Industries
"Sun Pharmaceutical Industries after the steep correction from present level had made a good base in the range of Rs 920 and Rs 960-965. In yesterday’s session we saw breakout from those levels and today we are again seeing some follow up buying. So, we are expecting that buying to continue on higher side. The stock may test Rs 1030. So, Sun Pharma at current level or on any decline can be used to make long positions keeping a target of Rs 1030 and on lower side stop loss will be Rs 960."
Larsen & Toubro
"We have seen good correction in Larsen & Toubro (L&T) but at lower levels Rs 1520-1540 proved as a very strong support area and from those levels we have seen a good pullback. So, we are expecting that L&T may see some more short covering and on higher side the stock may test Rs 1685. At current level, one may go long, keeping a stop loss of Rs 1610 and target will be Rs 1685," he said.
Disclosure: Analyst holds both the counters.
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