Your Stocks: What to buy in volatile market

In an interview to CNBC-TV18, Hemen Kapadia of KRChoksey Securities shared his readings and outlook on specific stocks and sector & Pankaj Mathpal of Optima Money Manager answered few personal finance queries.

Below is the verbatim transcript of Hemen Kapadia's interview with CNBC-TV18:Motherson Sumi The longer-term charts of Motherson Sumi do not seem very good. We seem to have walked into a correction of a greater degree. Having said that, we have come down for some seven, eight weeks in a row from Rs 395 to Rs 230. We are running close to support levels, Rs 228-230. We are just about there right now. These are important supports and if this breaks we go to Rs 214 and the long-term stoploss is Rs 205. We are getting oversold. The downside could be slightly limited over here. But a bounce seems to be round the corner, so you can buy now and try to sell in the bounce, a bounce to the range of Rs 255-270 in the next four to six weeks seems like a technical possibility, but it is a high risk strategy. So, as of now, it is a hold with a stoploss.Jaiprakash Associates In Jaiprakash Associates one should keep a stoploss of Rs 10. If it goes closes above Rs 13, then this sideways movement might convert into a recovery, but once again, that is more of wishful thinking. I think you hit the nail on the head. It is a sell on bounce if any and if one wants to convert into something for a couple of years, TV18 Broadcast or Network 18 Media & Investments, but TV18 is slightly closer, Network 18 has higher price. That looks brilliant, the stock is in a consolidation phase. I think the bigger picture seems positive, so I would suggest that one can convert, I know it is almost 2.5-3.5 times the price of this, but a sell on Jaiprakash Associates and conversion into TV18.L&T and Axis Bank Before the split IDFC was in a downtrend but getting oversold indicating a limited downside. We have political uncertainty, we have elections, we have results coming in, n number of issues, but having said that, I think Axis Bank and Larsen and Toubro (L&T) are two stocks which one can invest for a month. The recent lows need to be kept as stoplosses for both Axis Bank and L&T.Tata Motors Tata Motors has been in a downtrend for quite some time. We have seen a multi-month downtrend has come off from Rs 610 to Rs 280. So, I guess the markets also still positive not withstanding what happens today. The markets still are expected to do well next week also. So, I would suggest that one sell it at breakeven point. If one has a year timeframe, then it is a hold. One should be able to sell it closer to Rs 400. But as of now, it is going to be a very fine line. PNC Infratech is a new listing, so to be frank, do not have so much of data actually but whatever data I have seems to suggest that, we are in an uptrend as of now and as long as we sustain above Rs 455 and close above Rs 515 and Rs 540, outlook is positive. Like I said, paucity on data but, it seems to suggest we seem to be doing okay. The levels are not broken and it is in a gentle meandering uptrend. So it seems to be okay and mechanical indicators are also suggesting that it could gradually appreciate further.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.