Sell Bajaj Auto, Zee Ent: Desai

Monal Desai, Sunidhi Securities is of the view that one should sell Bajaj Auto for a target of Rs 1920 and Zee Entertainment Enterprises for a target of Rs 208.

Desai told CNBC-TV18, “I am recommending a short in Bajaj Auto for a target of Rs 1920. It has seen some short built-up yesterday. Today also the stock is under pressure. Rs 1920 looks a possible target for the support areas. Keep a stop loss at Rs 1975 for Bajaj. Today it has added about 4 percent in short built-up.”
He further added, “Sell Zee Entertainment Enterprises for a target of Rs 208-210, keep a stop loss of Rs 219. Zee was holding in the support of Rs 218 very strongly but it has broken that support today, it is about 9-9.5 percent short built-up also. On the long side ICICI Bank, Axis Bank could be pull-back candidates and you could look to long those two stocks.”