Volatility was seen in the market today. Nifty and Bank Nifty, Sensex closed with gains. Talking about F&O set up, long build up was seen in shares of MCX, Wipro, Infosys, KEI Industries and Tech Mahindra. Whereas short covering was seen in shares of TCS, Vodafone Idea, LTI Mindtree, Manappuram Finance and Ashok Leyland. While short build up was seen in Polycab, Macrotech Developers, ICICI Pru, Godrej Properties and Prestige Estates. But long unwinding was seen in Oberoi Realty, L&T Finance, Aarti Industries, Naveen Fluorine and JSPL. At the same time, before the market closes, leading experts advised to bet in the shares of Bajaj Finserv, Sun Pharma, HDFC Bank and Indian Bank for short term earning. Know who gave how much target price-
Arihant Capital’s Kavita Jain is the cheapest option: Bajaj Finserv
Kavita Jain of Arihant Capital said that there will be earnings on buying calls with January expiry in Bajaj Finserv stock. He said that its call with strike of 1740 should be bought at around Rs 26. In this, targets of up to Rs 45/50 will be seen in a few days. However, he also said that stoploss should be set at the level of Rs 30.
Nirmal Bang’s Vikas Salunkhe shares F&O superstar: Sun Pharma Future
Vikas Salunkhe of Nirmal Bang advised to buy Sun Pharma stock from the F&O segment before the market close. He said that a target of Rs 1870 can be seen in this stock. He said that buying should be done at the level of Rs 1800 with stop loss at the level of Rs 1770.
Technical View: Nifty bounced back and closed above 23,150, know how the market mood can be on January 23
Rajesh Satpute of www.rajeshsatpute.com’s Chart Miracle Share: HDFC Bank
Rajesh Satpute of www.rajeshsatpute.com bets on HDFC Bank as the stock to perform chart miracles for today. He said that one can buy it at the level of Rs 1663. Put stoploss at the level of Rs 1635. This stock can go to the level of Rs 1700 to Rs 1710.
Gaurang Shah of Geojit Financial’s Midcap Funda Stock: Indian Bank
Gaurang Shah of Geojit Financial, calling it a midcap funda stock, said that today Indian Bank stock should be bought at the level of Rs 517. He said that in the medium to long term, an upside target of Rs 620 can be seen.
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