Stocks to buy and sell: This is what Sanjiv Bhasin has to say about IDFC First Bank, Hindalco Industries

Amid Topsy-turvy trade session today, Zee Business Managing Editor Anil Singhvi's panel of experts has been busy identifying stock recommendations for investors. In this regard, the Market Guru asked Sanjiv Bhasin, Director, IIFL Securities, to give his stock recommendations for the day and he replied with two — IDFC First Bank and Hindalco Industries.

Sanjiv Bhasin said, "My first pick of the day is IDFC First Bank shares. I recommend traders to buy the counter at current levels of Rs 27.50 per shares for the target of Rs 29.50 per stock levels. Its result is coming on 28th and it is expected to come along the lines of market expectations. It is expected to give promising numbers on the net income front. If you ask my opinion, this is the best banking share to buy in the mid-cap segment."

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For his next recommendation, Bhasin said, "My second pick is Hindalco Industries, but my recommendation is to sell the counter. The intraday traders are advised to sell Hindalco Industries shares at current levels of Rs 158 per stock for the target of Rs 150 mark." 

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संजीव भसीन किस शेयर में दी खरीदारी और बिकवाली की सलाह? जानिए यहां#ZBizBazaar @AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/RdiSgFj4MZ

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However, Bhasin strictly advised traders to maintain the stop loss at Rs 163 levels. The IIFL Securities Director said that metal stocks are in the weak spot and Hindalco Industries is showcasing drag in Rs 160-163 range.