Sudarshan Sukhani, s2analytics.com advises traders to buy Bajaj Auto on decline.
Sukhani told CNBC-TV18, "Bajaj Auto is a buying opportunity not immediately, once it stems its decline. I would be very hesitant recommending a short sell here. The stock has seen strong up trends earlier. The trade here is don't do anything, whenever you see this decline coming to an end consider going long in it. The rally whenever it starts will be equally sharp."
Shardul Kulkarni of Angel Broking is of the view that, in largecap stocks Hindustan Unilever(HUL) is looking good, so one can buy the stock for a target price of Rs 480-485.
Kulkarni told CNBC-TV18, "The volatility in midcaps over the last few sessions has made it very difficult to trade. I would prefer largecap stocks to trade and in them HUL is a good bet. The stock is a defensive and if the market is going to move up, HUL will contribute significantly. If the market moves down, you will get good outperformance in comparison to the benchmark indices. So, HUL would be a buy for me. In case of the prices, on the upside Rs 480-485 is what I am looking at. Buy with a stop loss on the lower side of around Rs 442-443.
Phani Sekhar, Fund Manager of Angel broking advised selling Dish TV if one is not a long term investor.
Sekhar told CNBC-TV18, "A lot will depend on the results of the Phase I digitisation which we will come to know over the next one or two months when we will actually have these Multi System Operators (MSO) collecting dues from the customers. There is a larger point with respect to Dish TV and that is 2013 is fundamentally different from 2005-06."
Jagdish Malkani, Member NSE/ BSE is of the view that one can exit Reliance Communication at Rs 80.
Malkani told CNBC-TV18, " Reliance Communication have got a monumental debt level of some Rs 27,000 crore and counting, so of course that will give some relief. The Anil Ambani Group is very creative in borrowing debt etc. abroad and treasury management but with all that it has been a very poor show. As you know Mukesh Ambani Group is really relatively cheap priced getting into all segments of the telecom space as a big competitor, but you never know if at some stage some kind of a merger or something is on the anvil then the shareholders get some relief. So bottom-line I would still say on a rise to something like around Rs 80 or something one should take the poison pill and come out of Reliance Communication."
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