Top Stock Picks With Anil Singhvi: Check what Sanjiv Bhasin recommends and unveils about stock market strategy for August

Top Stock Picks With Anil Singhvi: Amid highly volatile trend at the stock market ahead of the Future & Option (F&O) expiry, Zee business Managing Editor and renowned market guru Anil Singhvi has been finding out top shares to buy through his panel of experts. In this regard, the Market Guru on Thursday asked IIFL Securities Director Sanjiv Bhasin to give his top picks and Bhasin responded with options of DLF and Bajaj Finance.

Recommending fair trade in both the stocks Bhasin suggested investors about buying DLF shares and said, "DLF is going to become a big beneficiary of the next REIT coming in the month of September. Through REITS, DLF is going to get low-cost funding in these challenging times and that is expected to reflect in the DLF share price as well. So, I would recommend fair trade means one can buy it for the short-term and for the long-term as well. One can buy DLF shares at current levels for the target of Rs 165 maintaining the stop loss at Rs 134.50 mark."

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On his second pick, the IIFL Securities Director said, "My second pick is Bajaj Finance but the strategy is to sell. The counter is showing weakness and in both short-term and long-term, its looks bearish. So, one should sell Bajaj Finance shares at current levels of Rs 3,230 to Rs 3,240 levels for the target of Rs 2,800 maintaining stop loss at Rs 3,340 mark."

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संजीव भसीन ने क्यों दी अगस्त में सबसे ज्यादा अलर्ट रहने की सलाह, साथ ही जानिए आज किस स्टॉक को चुना खरीदारी और बिकवाली के लिए?@AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/rfOttfqqqo

— Zee Business (@ZeeBusiness) July 30, 2020

Warning traders from the challenging trends emerging in August, Bhasin said that market will face huge challenges in the month of August and one should book profit in cash holdings and maintain hedge position while taking any fresh position. This will help minimise loss and maximise profit.