Stocks To Buy And Sell: Check out Sanjiv Bhasin's call on PFC, ICICI Bank shares

Stocks To Buy And Sell: On live TV today, expert Sanjiv Bhasin, in a chat with Zee Business Managing Editor Anil SInghvi today, said that he was bullish on the mid cap stocks while being bearish on the overall index stocks. He opined that if the dollar strengthens from here, there could be correction of 300-400 points and the Nifty could see levels between 10,900 and 11,000. 

The IIFL Director said that it is still not known if it will take next 2 trading sessions or more for that to happen. It appears that the correction will happen around the time of expiry, he added saying that the global indicators suggest a scenario of profit booking now.

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भसीन के हसीन शेयर: बाजार के आउटलुक पर क्या है राय...साथ ही संजीव भसीन से जानिए, किन शेयरों पर लगाएं पैसा?@IIFLMarkets @sanjiv_bhasin pic.twitter.com/rF40SeomfH

— Zee Business (@ZeeBusiness) August 20, 2020

The Foreign Institutional Investors (FIIs) may indulge in selling activity, if the dollar gets stronger, he further said. There are signs of greed coming in the markets, Bhasin said.  

On his previous stock updates, Bhasin said that IGL, Tata Steel, Engineers India Limited, PNB, Federal Bank and NBCC have all been doing very well.  

Today, he recommended two more stocks – one was a Buy call and another was a Sell call.    

Top Stocks To Buy – Power Finance Corporation Limited 

Bhasin recommended Power Finance Corporation (PFC). He recommends a Buy on this stock at Rs 98-Rs 98.25. He puts the stop loss at Rs 96.25 and the target price at Rs 110.

See Zee Business Live TV Streaming Below:

Top Stocks To Sell: ICICI Bank 

He recommended ICICI Bank for a Sell call. It should be sold around Rs 368-Rs 370. He puts the stop loss at Rs 375 and the target price at Rs 352.