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Your stocks: Top chart picks by market experts

Watch the interview of Shahina Mukadam, a Market Expert who shared her readings and outlook on specific stocks and sector & Feroze Azeez of Anand Rathi Financial Services answered few personal finance queries.

July 23, 2015 / 15:15 IST
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Watch the interview of Shahina Mukadam, a Market Expert who shared her readings and outlook on specific stocks and sector & Feroze Azeez of Anand Rathi Financial Services answered few personal finance queries.Below is the verbatim transcript of Shahina Mukadam's interview with CNBC-TV18:Cipla and Talwalkars Better value Fitness Cipla and Talwalkar are facing some resistance in terms of price at the current levels. One should book profits on Cipla because while I believe on a sequential basis the numbers will be much better but on year-on-year (YoY) basis we are still going to see a decline in profitability. There is nothing fundamentally wrong with the stock but it has gone up a lot because of some large investors having picked up stake in the recent past, so, it was news driven, plus other factors. I think one should get out of the stock as of now, re-enter around at Rs 600. I think that would be a good strategy.Talwalkars Better value Fitness is in a short-term downward trend. In terms of results, I think they should be okay, nothing great. One can hold with a strict stoploss of about Rs 285 and look for a bounce at Rs 320 where one can sell or one can exit at current levels and re-enter at lower levels.Banking stocksA lot of large banks are looking pretty weak. What we are seeing in the numbers, at best they are consolidating at current levels, so I do not think that the overall banking sector is going to be performing very well in the next couple of weeks, so I would stay away from the banking sector.

first published: Jul 23, 2015 02:40 pm

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