Watch the interview of Sameet Chavan of Angel Broking & Manav Chopra of Networth Stock Broking with Reema Tendulkar & Nigel D’Souza on CNBC-TV18, in which they shared their readings and outlook on market and specific stocks.Below is the verbatim transcript of Sameet Chavan's interview with CNBC-TV18Crompton Greaves"Crompton Greaves looks certainly encouraging. Last to last Friday, it gave a decisive breakout from its multiple resistance zone of Rs 182-183 on a closing basis with sizeable volumes. After four days of consolidation, we are seeing strong support around its previous resistance which was around Rs 183. The stock is now moving round Rs 185 but going forward we expect it to do well.""We have a target of Rs 198 for Crompton Greaves. It can be bought on any dips by keeping a strict stop loss at Rs 175.50," he said.Sun Pharmaceutical Industries"Last Monday, Sun Pharmaceutical Industries gave a breakout on the hourly chart from its resistance zone of Rs 880-885 with decent volumes. We were expecting this stock to do well but unfortunately there was clearly lack of buying interest. However, looking at the overall daily chart structure, we believe that Rs 882-885 is likely to act as a strong support.""Considering its daily as well as weekly chart structure, we believe that there is a possibility of very good upmove towards Rs 940-950 over the next trading sessions. It can be bought with a small stop loss of Rs 869," he said.Below is the verbatim transcript of Manav Chopra interviewTata Consultancy Services"Tata Consultancy Services (TCS) has formed a very strong support close to the levels of Rs 2,500. In the last three to four months, whenever the stock has tested and held its support of Rs 2,500 levels we have seen a good rally close to the levels of Rs 2,650-2,700.""Looking at the overall formation of last week, since the stock has formed a good reversal formation on the weekly charts with volumes, it clearly indicates that a short-term bottom is in place. So, going forward, I think Rs 2,490 could be a very tight stop loss for this stock and we expect an upside target of at least Rs 2,650," he said.Arvind"Arvind has recently rallied by over 10-15 percent from its lows and looking at the overall formation the stock is showing some sort of an exhaustion patterns at the current level. The level of Rs 290 seems to be a very strong resistance for this stock as it has breached its important short-term moving averages and its rising trend line." "At the current level, there has been a short-term breakdown in the stock with volumes. Going forward, as long as the stock trades below Rs 290 there will be some sort of a selling pressure into this stock which also gives us a stop loss of Rs 290 on the upside. We expect a short-term decline close to the levels of Rs 270," he said.
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