Watch the interview of Vishal Malkan of malkansview.com who shared his readings and outlook on specific stocks and sector & Hemant Rustagi of Wiseinvest Advisors answered few personal finance queries.Below is the verbatim transcript of Vishal Malkan's interview with CNBC-TV18:Amtek Auto & Rajesh Exports If one is a short-term trader then I would advice to get out of Amtek Auto at a good profit in few days and invest in some fundamentally as well as technically strong sector as well as stock. If one is a long-term investor then he/she can hold on with a stoploss of Rs 40. Rajesh Exports has broken an important support today which was around Rs 420. So the downside has opened up to around Rs 350 levels, so I would suggest exiting the stock at the current market price.Canara Bank We have seen some of the biggest downtrend in public sector undertaking (PSU) banks and some consolidation pattern has emerged in the last few trading weeks and there is a strong support of Rs 240-250 in Canara Bank and that should be a good support to hold on to. The investors can put a stoploss below that and can see slow but steady rise from here.Metal Stocks There is a big decline in the metal sector in the last few months and there are some signs of bottoming out but if I look at the charts, patterns and momentum, if I have to invest in metal stocks then I will go for the best which is Tata Steel which has crucial pattern as well as crucial support around Rs 210. So I would suggest going for Tata Steel rather than Hindalco Industries in metal sector. Torrent Pharmaceuticals Torrent Pharmaceuticals is good and the trend was strong in the last couple of years. There is lot of hope in this stock and there is strong support around Rs 1,370-1,360 which can be a stoploss. If the market recovers from here then the first thing to go up would be the pharmaceutical stocks and this is a good bet in that sector.
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!