Watch the interview of Hemen Kapadia of KRChoksey Securities who shared his readings and outlook on specific stocks and sector & Feroze Azeez of Anand Rathi Financial Services who answered a few personal finance queries.Below is the verbatim transcript of Hemen Kapadia's interview with CNBC-TV18:Voltas I would not recommend Voltas as the first stock to buy. It is not a bad stock but we have entered an intermediate downtrend. Currently we are moving sideways, I believe that there is some more pain left on the downside and it look like depreciating further from here. So, investing in Voltas as of now is a no-no, I don’t think that seems like a good idea. I think there are lots of stocks – Strides Arcolab, Lupin, Axis Bank, Larsen and Toubro (L&T), which look great but markets are at crucial level. I think one needs to be very careful, we haven’t been able to break out of this range for the past quite sometime and we could be seeing a downside coming in. So, Voltas is a no at current levels and stocks that I mentioned can be considered only on declines.Axis and L&TI like two stocks, Axis Bank and Larsen and Toubro (L&T) but only on declines. I think both of these stocks are in intermediate downtrend. From a longer-term point of view they are in uptrend. If one wants to do something else then Polaris and a Torrent Power also but Axis Bank and L&T only on declines.Maruti Suzuki I would prefer to stay out of Infosys until we see the results coming in. We are very close, it is on October 12, so there is no sense in pre-guessing and pre-anticipating the results. Maruti Suzuki just posted a fresh all time high but this negative divergence, the mechanical indicators have turned bearish. They have signaled a sell, maybe there could be some near-term bounces. However, I think the stock could have entered a corrective phase this might get exacerbated even more. So, I would stay away from Maruti at least for the time being. If I were to buy, I would buy it only at lower levels only when it breaks Rs 4,000 not in the near future. Larsen Larsen and Toubro (L&T) is in an intermediate downtrend, we are in a longer uptrend though. We have warped into a correction of a greater degree moving from Rs 650 to Rs 1,900. Simply put short-term, there could be pressure on L&T and the market. So, it is a sell on bounce.Escorts If Escorts closes above Rs 180-182, it could go to Rs 220 and more but if one is making money, he/she needs to book out.
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