Rahul Shah, Associate VP of Motilal Oswal told CNBC-TV18, "In pharma, Biocon is one stock which is down from its recent high and stock is showing sign of weakness. So I think one should initiate short on Biocon with a stop loss of Rs 952 and target of Rs 885."
"Dewan Housing Finance has given a good breakout and the longs are added. So I would buy DHFL with a stop loss Rs 405 and target of Rs 435," he added.
"In metal space, we have seen some renewed interest in last couple of days. In that space, I think JSW Steel looks one of the top picks. So I would go long on JSW Steel with a stop loss of Rs 192 and target of Rs 215."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
