Volatility was seen in the market on the first day of the trading week. Benchmark indices Sensex and Nifty closed with marginal gains. Talking about the F&O setup, long build up was seen in the shares of Manappuram Finance, CG Power, Ashok Leyland, Astral and Concor. While short covering was seen in Kalyan Jewellers, Aurobindo Pharma, Adani Enterprises, Mahanagar Gas and AB Fashions and Retail. On the other hand, short build up was seen in the shares of PB Fintech, M&M, Supreme Industries, Varun Beverages, Solar Industries. At the same time, long unwinding was seen in the shares of L&T Tech Services, United Breweries, Hindustan Aeronautics, PVR and Deepak Nitrite. At the same time, before the market closed, veteran experts advised to bet on the shares of Chambal Fertilizers, Titan, Indus Towers and GHCL for short term earnings. Know who gave what target price-
JM Financial's Sony Patnaik's cheapest option: Chambal Fertilizer
Sony Patnaik of JM Financial said that buying calls with February expiry in Chambal Fertilizer stock will give profit. He said that buy its 540 strike call around Rs 12.25. In this, targets of up to Rs 18/22 can be seen in a few days. However, he also said that a stoploss should be placed at the level of Rs 7.
F&O Superstar Stock by Rajesh Satpute of www.rajeshsatpute.com: Titan Future
Rajesh Satpute of www.rajeshsatpute.com advised to buy Titan stock from F&O segment before market closes. He said that targets of Rs 3300 to Rs 3340 can be seen in this stock. He said that one should buy it at the level of Rs 3232 with a stoploss at the level of Rs 3185.
Prashant Sawant of Catalyst Wealth's Chart Miracle Stock: Indus Towers
Prashant Sawant of Catalyst Wealth bet on Indus Towers as the stock that will show chart wonders for today. He said that one can buy it at the level of Rs 337. Put a stop loss at the level of Rs 325. This stock can go up to the level of Rs 365 to Rs 370.
SMIFS' Sharad Awasthi's Midcap Funda Stock: GHCL
Sharad Awasthi of SMIFS, while describing the midcap funda stock, said that today Park Hotels stock should be bought at the level of 615. He said that an upside target of Rs 850 can be seen in this in the medium to long term.
(Disclaimer: The views and investment advice expressed on Moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to seek advice from certified experts before taking any investment decision.)
