The Economic Times daily newspaper is available online now.

    3 top stock recommendations from Sarita Pansari

    Synopsis

    ​Now coming to Bank Nifty, today Bank Nifty has opened with gap up even above its last two weeks high of 42716 and presently sustaining it. So now if this crosses 43,000 and sustains over there my view will be, targets will be 43200 and 43500.

    saritaAgencies
    It has done its bottom so I have picked up this and currently it's trading at 3205, target for this will be 3220, 3250, 3480 with a stop loss of 3135.
    "So now we have to see which side is the breakout or breakdown. Presently seeing today's market if it crosses and sustains 18260 then my targets will be 18500 and 18800," says Sarita Pansari, Kantilal Chhaganlal Securities.

    Finally it looks like we are breaking out of that range of around 18100 and the Bank Nifty continues to show quite a bit of traction.
    For the past four weeks we have seen that Nifty is consolidating between 18260 to 17770 range. On Monday we saw a low of 17850, so everybody became bearish but then again on Tuesday and Wednesday with a high of 18183, all of us started getting bullish.

    So now we have to see which side is the breakout or breakdown. Presently seeing today's market if it crosses and sustains 18260 then my targets will be 18500 and 18800.

    Unlock Leadership Excellence with a Range of CXO Courses

    Offering CollegeCourseWebsite
    IIM LucknowIIML Chief Executive Officer ProgrammeVisit
    Indian School of BusinessISB Chief Technology OfficerVisit
    IIM LucknowIIML Chief Operations Officer ProgrammeVisit

    Now coming to Bank Nifty, today Bank Nifty has opened with gap up even above its last two weeks high of 42716 and presently sustaining it. So now if this crosses 43,000 and sustains over there my view will be, targets will be 43200 and 43500.

    Let's just talk about some big names; did you get a chance to look at names like Reliance, ICICI Bank or maybe UltraTech, they declared numbers, they are reacting to that. One event is behind, if you have any of view on any of these names?
    ICICI Bank's current rate has come down to 870 so once it crosses because as per the chart it is giving a higher, high, higher low. So if it crosses 880, the targets, it can easily go to 900.

    Any ideas that you have, I believe GNFC is the first one, Texmaco Rail Is the second and Eicher Motors, could you take us through all three of these names?

    GNFC for the past some days was in the ban and today it has come out of the ban. Currently it is trading at 575. So targets for this will be 585, 590, 600 with a stop loss of 565.

    Tex Rail currently is trading at 60 and the targets for this will be 64, 67 and 70 with a stop loss of 57. And Eicher Motors, I think it is bottoming down. It has done its bottom so I have picked up this and currently it's trading at 3205, target for this will be 3220, 3250, 3480 with a stop loss of 3135.





    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in