Watch the interview of Kunal Bothra as Head of Advisory at LKP with Reema Tendulkar & Sumaira Abidi on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Kunal Bothra's interview with CNBC-TV18
Bharat Petroleum Corporation
"The critical part about Bharat Petroleum Corporation (BPCL) is that it has broken a fresh swing. It was taking support around Rs 718-720 mark for last one and a half months. There have been movements of almost 10-14 percent taking the support of Rs 720. So, that was a very critical support. Today, the fact that it has broken even that support and the way it has fallen in terms of volumes as well as the derivatives data, there seems to be a chance it may break Rs 700 as well over the next couple of sessions."
"So, it augurs a good sell in terms of risk reward as well. I am giving a target of Rs 680 on BPCL with a stop loss of Rs 722," he said.
Dish TV India
Dish TV India is one of the few midcap names which we are focusing on at least from the next medium to long-term perspective. I believe that the broader target for Dish TV is forming a very bullish target. Just around Rs 80-85 mark where it previously took resistance, from there on if it breaks out over the medium-term, it could be a good buy from a long-term perspective as well."
"From a very short-term perspective, looking at the chart patterns, the way it is behaving above the 200-day moving average, Rs 80 could be a possible target on Dish TV keeping a stop loss of Rs 75," he added.
Disclosure: Analyst has no personal holdings in the stock and it is possible that he may have recommended the same to his clients at LKP.
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