Watch the interview of Siddarth Bhamre of Angel Broking Latha Venkatsh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Siddarth Bhamre's interview with CNBC-TV18
Kotak Mahindra Bank
"Kotak Mahindra Bank has given up on its support and I am expecting downside in this counter. We are seeing some formation of short positions over here, so around 70-80 points fall is what I am expecting in this counter because of formation of fresh short positions. So our target is around Rs 1,254, one can fix a stop loss somewhere around Rs 1,382 and go short in Kotak Mahindra Bank."
Shriram Transport Finance Corporation
"Shriram Transport Finance Corporation has been consolidating in a very narrow range. We are expecting support of around Rs 800 to hold and stock to move higher. We have aggressive target prices on this counter but as of now for positional traders we are expecting Rs 877 to come and Rs 797 should be the stoploss."
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