Watch the interview of Monal Desai of Sunidhi 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 Monal Desai's interview with CNBC-TV18.
IRB Infrastructure Developers is pretty much set for an upmove. It has consolidated very well around this Rs 245 - 250 and gradually inching up. I am expecting the near term target to be Rs 270. I would keep a stoploss at Rs 248 for target of Rs 270.
Century Textiles and Industries is consolidating pretty well and gradually long built up is happening over last couple of sessions. Today also I see about 1 percent in open interest (OI) built up on the long side." Recommending a buy my target comes to Rs 610. That would be over a period of 4 - 5 days, I would not say immediately but for that I will keep a stoploss at Rs 555 for this target of Rs 610.
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