Top Stock Picks With Anil Singhvi: Zee Business Managing Editor and Market Guru Anil Singhvi has been recommending that selloff in the Indian markets is due to the monthly expiry as US Dow Futures and European Future markets are in the green zone. The Market Guru advised stock market traders to adopt stock specific trade and choose stocks that have strong fundamentals. In this regard the Zee Business Managing Editor spoke to Vikas Sethi to know his top stock picks of the day and the Managing Editor of Sethi Finmart replied with Jindal Steel and Power Limited (JSPL) shares and Tata Power in Future & Option (F&O) segment.
Speaking on his first stock pick of the day Vikas Sethi told Anil Singhvi, “My first stock pick of the day is JSPL stocks. I have chosen this stock because I am expecting trend reversal in the Indian bourses and metal stocks have held their fort even when the market is under selloff heat. So, I expect metal stocks to rise fast during the trend reversal.” He said that the company stock has recently corrected a lot and hence it is available at low valuations too.
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On his suggestion in regard to JSPL shares Sethi said, “Buy JSPL April Future at Rs 309 for the target of Rs 320 maintaining the stop loss at Rs 302.”
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On his second stock pick of the day the Sethi Finmart stock analyst said, “My second stock pick of the day is Tata Power. One can buy Tata Power shares at Rs 100 for the target of Rs 110 maintaining stop loss at Rs 95.”