Watch the interview of Meghana V Malkan of malkansview.com who shared her readings and outlook on specific stocks and sector & Hemant Rustagi of Wiseinvest Advisors answered few personal finance queries.Below is the verbatim transcript of Meghana Malkan's interview with CNBC-TV18:Nucleus Software Nucleus Software looks definitely good. If you see higher time frame in the monthly charts it has broken down, it was a nice small rounding. It has achieved the targets and still moving up. It has taken support at the previous resistance, so that is still a better sign. One can hold on.JSPL Jindal Steel & Power (JSPL) can’t find support anywhere. I think this would be right time to invest especially when the market is filled with stocks with good opportunities which are making higher-tops, higher- bottoms. This stock is into lower-top, lower-bottoms; the momentum is in a bearish zone, so this would not be a right time to invest in JSPL.ICICI Bank ICICI Bank has moved into a sideways trend, so don’t see it going back into the uptrend very soon. One could place a stoploss of Rs 280. If the stock goes below this level then we can see further downside.
JK Paper JK Paper is definitely good. Last week it formed a bullish pattern, so this is a good time to buy. Momentum is also into the bullish zone. One can hold on to the stock with a stoploss of Rs 38.IDFC IDFC seems good but the thing is it is in a long-term consolidation. If you see in a monthly charts being consolidating in a range, so till the time I believe it breaks out of that range I find it is difficult to get some good kind of up move. Having said that, one can hold with a stoploss of Rs 143.
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