Watch the interview of Vishal Kshatriya of Edelweiss Financial Services with Latha Venkatsh & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Vishal Kshatriya's interview with CNBC-TV18.
Bharti Airtel has been an underperformer but it has started performing and my sense is that this stock could see a good amount of rally in the short-term and may be in the month of December. The technical setup is turning in this particular stock. In derivatives data we have started seeing some marginal increase in open interest against a six months average open interest which indicates that interest in this particular stock is coming back.
The short-term target for this particular stock is around Rs 425-430 and stoploss can be placed at Rs 385.
If you see technical setup of the Tata Motors, it has been a very strong uptrend and has also given a good breakout. Derivatives ques for the open interest data in options as well as in the futures market is also pointing out towards bullishness in the stock.
My sense is that there are two sectors in market where we have seen outperformance coming, one is the bank and the second is the auto sector. So I had picked Tata Motors within auto sector. Traders can initiate long position at current market price. My short-term target for this particular stock is Rs 565 and a stoploss should be placed below Rs 515.
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