3 top stock recommendations from Sarita Pansari

"If we see for a shorter timeframe, the OI data and the market have been oversold. As per the OI data, 17,800 to 17,900 is a good support over there," says Sarita Pansari, Kantilal Chaganlal Securities.

Let us start with Nifty, Bank Nifty, what is the perspective you have, last two weeks we have been underperforming global markets, what is the view?
For the past some days we have seen markets have become very volatile and they are in a consolidation mode. If we see for a shorter timeframe, the OI data and the market have been oversold. As per the OI data, 17,800 to 17,900 is a good support over there. So if the market sustains over there, we can see Nifty going to 18,100, 18,200 and 18,300 with a stop loss of 17,800.

You have two to three picks for our viewers as well, let us start with them, most of them today are from the cash market.

First I will go for Hind Copper. Hind Copper is now trading at Rs 128. The reason for picking this stock is that the demand for electric vehicles is increasing now. The latest news is that the company is acquiring or taking on lease a copper mine in Argentina. This has made me positive and also on technical chart Hind Copper has given a very good breakup. So today it is at Rs 128. The targets for this are Rs 134, Rs 140, Rs 145 with the stop loss of 123.
The other is Tex Rail. We have picked this because of the upcoming budget. Presently it is trading at 58 and the targets for this are 62, 65 and 79 with the stop loss of 56.

Do you have the third counter as well , why do not you take us through that?
Third is PFC. This we have picked up from public sector enterprise because if we see the charts of public sector enterprise, they are on some breakout. So PFC currently is in a correction mode. Today it is trading at 151 and targets for this are 154, 160 and 164 with the stop loss of 56. This we will take as a swing trade.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)