Malkan upbeat on Adani Ent, Raymond, Bharti Airtel

Vishal Malkan, malkansview.com is upbeat on Adani Enterprise, JP Associates, Raymond, Union Bank and Bharti Airtel.

Malkan told CNBC-TV18, “I would prefer midcaps because they are high beta stocks. So, I will go for Adani Enterprise, I will go for JP Associates. Adani Enterprise gave a smart move yesterday and today also it’s going good. With a target of around Rs 245 in the near future I would look for Adani Enterprise. Then I would look for JP Associates around a target of Rs 100. I would also go for Raymond and Pantaloon. Raymond gave a good breakout yesterday with huge volumes on daily charts as well as weekly charts. So, I would like to have a target of around Rs 425-430 in the next couple of trading sessions.” He further added, “I would go for the best bet and these banks would be Union Bank and Yes Bank. Union Bank has given a smart move today and it’s given a breakout above all its highs in the recent past so I would like to go for Union Bank. So, Union Bank looks good and with a target of around Rs 265 in next couple of weeks.” “Bharti Airtel is not been doing much since last few days. It’s trading in a range of Rs 250 and Rs 280. So, it needs to close above Rs 280-285 on a closing basis to give a smart move. So, it’s not the best one I would pick for long.”