Sanjeev Vasin, a market expert and director of IIFL Securities, said on Monday that it would take 1-2 days to go down, but he was hopeful that the market would start its upward trajectory. “It simply came to our notice then.
He added that there is a huge demand in the auto and housing sectors as well. The ACC and Ambuja bought 165 beta per tonne which is a record price. So there is no doubt that the market is moving in a positive direction.
Vasin was talking to Anil Singhvi, managing director of G Business, on a popular TV show ‘Vasin Ke Hasin Share’. He has selected three stocks for investors which will give high returns.
Talking about the market update, Vasin said that HAL has sold at Rs 1,600, which has been proposed at Rs 1,500. BEL is now hovering around Rs 2750-2800. Motherson Sumi and IRCTC have performed well and M&M Finance is also one day high.
For today, Vasin has recommended Three purchased calls Which will be beneficial for investors.
Ultratech Cement Limited
Vasin has recommended the stock of Ultratech Limited. He said the market value of Ultra Tech should have been Rs 7,000. Although at present it is at 6000 rupees. So definitely buy.
Price: 6000 rupees
Stop Loss: 5850
Watch the full video here for more details:
– Zee Business (ZeeBusiness) May 18, 2022
Reliance Industries Limited
Vasin recommended Reliance Industries Limited stock as his second choice. “Reliance is pretty much right now,” he said.
Stop Loss: 2390
Vasin recommended HCL Tech Stock as his third pick.
Goal: Rs.1085 – Rs.1090
Stop Loss: 1020