Watch the interview of Vishal Malkan of www.malkansview.com 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 Vishal Malkan's interview with CNBC-TV18
TVS Motor Company
"TVS Motor Company is a very good stock and it has been outperforming in the last one year and so. It has corrected in the last couple of months and taken support at Rs 220-225 which are very strong support in that zone. From there it has shown good momentum. I can see that it can go back to those level of Rs 275-280 in the short term. For today I am playing for the stop loss Rs 234 and the target of Rs 255."
HDIL
"I see HDIL as a strong stock in its sector and may be the other stock are not as showing those pattern as HDIL is showing. I am going with a intraday buy with a stop loss of Rs 106 for the targets of Rs 120. May be Rs 120 can achieved in couple of days and in medium term it is good for target of Rs 150 plus."
BPCL
"BPCL is making higher-tops and higher-bottoms in the last couples of months. It is sustaining the levels of Rs 800 plus whcih is a good resistance and which is now crossed. We look at a target around Rs 820 to 825 for today, and may be in a short-term we can look a target of Rs 850 plus with stop loss of Rs 795 for today."
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