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Your stocks: Investment picks by market expert

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.

September 23, 2015 / 15:51 IST
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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:Maruti Suzuki Maruti Suzuki is a better bet and definitely it is a buy at the current levels also and every dip is a buy because the pattern on the monthly as well as a weekly charts are so strong that there is lot more coming on Maruti and we can look at higher targets of around Rs 5,000 in the coming months with the stoploss of around Rs 4,100-4,150. We can hold on to this stock or get into this stock at these levels and look at Rs 5,000 in the next six to nine month.L&T I would say exit Larsen and Toubro (L&T) at the current market price and although compared to market not so much performing that well in terms of returns. Maruti Suzuki looks very strong on the charts on weekly and monthly basis. There is lot more to come in the stock, so definitely Maruti Suzuki is on the cards. Switching from L&T to Maruti is a good idea.Stocks Ashok Leyland is definitely showing some good momentum in the last one year with all weekly and monthly charts in the momentum and on an uptrend, so it is the best bet. In SAIL there is some bottoming formation happening under the metal stocks but it will takes its own time to perform, so though it is right now at a very low risk and at a good support in terms of sales, one can hold on to it with a stoploss of Rs 45. I am not so sure about ICICI Bank though the banking stocks would do better in the coming days but ICICI may not be the best bet in this sector. I would suggest that you can switch from ICICI to IndusInd Bank or Kotak Mahindra Bank that would be a good idea for that.Motherson Sumi Systems I would say just get out of Motherson Sumi, there won’t be any point holding on to this stock. There might be a bounce of 5 percent or 10 percent in the next few days but you don’t know before how much it can go down, so definitely a stock which is down there is definitely an exit though it is a bit late on this. So exit this stock and get into some strong stocks like Ashok Leyland or Maruti Suzuki which are strong fundamentally.

first published: Sep 23, 2015 02:52 pm

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