Watch the interview of Rishi Kohli, MD & CEO of ProAlpha Systematic Capital with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Following is the verbatim transcript of Rishi Kohli's interview with CNBC-TV18:
IFCI
IFCI is interesting where in the near term it had given some upmove but after that it consolidated well above many long-term moving averages. It has some interesting long-term pattern also on the weekly and monthly charts and therefore it is given a target of around Rs 50 with a stoploss of Rs 36. So it is a pretty good risk reward right now.
Hindustan Construction Company
Hindustan Construction Company (HCC) consolidated well about the 50 months moving average and sort of on the way it has given a quick first up move and consolidated. It looks ready for the next leg up. Therefore we are getting a target of around Rs 40 with stoploss of Rs 3 from here.
Siemens
Siemens is looking interesting, it is heading towards Rs 1,000 so the Rs 1,000 is a long-term resistance level. However based on the patterns it could cross it this time and if it does then you could see a very quick 20 percent flair up in that, so I would watch out for that among the larger names.
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