Sanjiv Bhasin strategy, stocks today: Buy Tata Power and DLF shares - check price targets
Sanjiv Bhasin strategy, stocks today: The market veteran recommended to start buying calls on 18,000 Nifty Index as it may surprise on the upside.
Sanjiv Bhasin strategy, stocks today: IIFL Securities director Sanjiv Bhasin on Friday, January 27, said that February will see a good global market rally. He said that foreign institutional investors (FII) have turned slightly cautious, which indicates that the market is likely to go up, hence, a perfect time for buying options.
The market veteran recommended to start buying calls on 18,000 Nifty Index as it may surprise on the upside. "My earlier picks Tata Motors, Ashok Leyland and Bajaj Auto have performed well, so you have to be contrarian if you want to earn well," he added.
Sanjiv Bhasin Stocks to Buy today, January 27, on Zee Business
Tata Power Fut
The market expert said "the Mumbai-headquartered company is a no brainer. It's quarter results will be declared shortly and I believe the numbers will be good." Tata Power Company Limited, NSE: TATAPOWER, is an Indian electric utility firm and is part of the Tata Group. The core business of the company is to generate, transmit and distribute electricity.
Price: Rs 203.15
Target: Rs 225
Stop Loss: Rs 199
Price: Rs 355.35
Target: Rs 370
Stop Loss: Rs 345
'Bhasin Ke Haseen Shares'
जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज DLF और TATA POWER में क्यों दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities
देखिए Zee Business LIVE - https://t.co/VL1lzvNIM9 pic.twitter.com/M1VTYGJxjR
— Zee Business (@ZeeBusiness) January 27, 2023
Meanwhile, equity benchmarks Sensex and Nifty50 suffered sharp loses on Friday amid selling pressure across financial, oil & gas and metal shares though gains in auto and select FMCG shares lent some support. Around 11:30, Sensex was down by nearly 800 points to 59,422 while Nifty50 was below 17,770.
Also Read | Punjab Chief Minister Bhagwant Mann to inaugurate 500 Mohalla Clinics in Amritsar today
Also Read | Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.