Watch the interview of Devangshu Datta of Business Standard Reema Tendulkar and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
According to Devangshu Datta of Business Standard, one may go long on Reliance Infrastructure as the stock may move up.
Devangshu Datta of Business Standard recommends selling Bharat Heavy Electricals (BHEL) as the stock may go back to Rs 115-116.
Devangshu Datta of Business Standard is of the view that Tata Consultancy Services (TCS) may touch Rs 2,100. "One can keep a stoploss at Rs 2030," he adds.
Market experts estimate, on CNBC-TV18, that the market will continue to move up and suggest bets on IGL and Axis Bank.
Devangshu Datta, Consulting Editor at Business Standard feels ITC may move to Rs 380 in the next 2-3 weeks.
According to Devangshu Datta, Consulting Editor at Business Standard, one may go long on Tata Consultancy Services (TCS) with a stoploss of Rs 1620-1630. “The stock may test Rs 1710-1720,†he adds.
Devangshu Datta, Consulting Editor at Business Standard is not positive on Hindustan Zinc.
Devangshu Datta, Consulting Editor, Outlook advice, traders to short Axis Bank with SL of Rs 1114.
Market experts advise investors to hold on Infosys and the UB Group stocks as the situation for both is to improve soon. The experts add that the narrow trading in the Nifty will continue till a clear trend emerges from the Q2 results.
Tata Global Beverage has support around Rs 139, says Devangshu Datta, Consulting Editor, Business Standard.
Hindalco Industries may test Rs 123 and PFC may bottom out around Rs 186, says Devangshu Datta, Consulting Editor, Business Standard.
Axis Bank is expected to fall to Rs 970, says Devangshu Datta, Consulting Editor with Business Standard.
Go long on Cummins India, says Devangshu Datta, Consulting Editor, Business Standard.
Tata Motors may slip to Rs 215- 217, says Devangshu Datta, Consulting Editor, Business Standard.
Devangshu Datta, Consulting Editor, Business Standard is of the view that, one can short Bank of Baroda (BOB), Punjab National Bank (PNB), Union Bank of India and State Bank of India (SBI).
One can buy Larsen and Toubro (L&T) for target at Rs 1400-1410, says Devangshu Datta, Consulting Editor, Business Standard
The uptrend in HCL Tech is expected to continue for another session at least, says Devangshu Datta, Business Standard.
Tata Motors may fall further from current levels, says Devangshu Datta, Consulting Editor of Business Standard.
Punjab National Bank (PNB) is a good short, says Devangshu Datta, Consulting Editor, Business Standard.
See upside in ITC, says Devangshu Datta, Consulting Editor, Business Standard.
Prefer Bajaj Auto and Tata Motors, says Devangshu Datta, Consulting Editor, Business Standard.
Jaiprakash Associates can go upto Rs 90-91, says Devangshu Datta, Consulting Editor, Business Standard.
Pantaloon Retail can touch Rs 175, says Devangshu Datta, Consulting Editor, Business Standard.
Devangshu Datta, Consulting Editor, Business Standard shares his view on banking space.