Sanjiv Bhasin recommends these 3 stocks for best returns | Know stop-loss, targets, and more

Zee Business' Senior Research Analyst Deepanshu Bhandari spoke to Sanjiv Bhasin, Director, IIFL Securities Ltd, to understand his stock recommendations and the market mood.

Citing the markets' trend that are holding strong, Bhasin said, "Today is consolidation day, the market rally has been sharp from the last three days, which has led to many profits booking. I'm expecting the expiry in the range of 450-550, and Rs 37000 in the Bank Nifty. If you have to make a strategy, then go for a sell call of Rs 60 and put options of Rs 60 in the Bank Nifty today. And if the Bank Nifty closes at 37000 today, then you will get Rs 120 for the call and put options, by setting up the strike price of the Bank Nifty at Rs 37000."

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Here are today's recommendations by Bhasin: 

Jubilant Foods: Buy| LTP: Rs 3833| Target: Rs 3950| Stop Loss: Rs 3755

He picked Jubilant Foods and said, "Jubilant is the best responding category stocks today. It came down to Rs 4400 after a correction. 

Motherson Sumi: Buy| LTP: Rs 224| Target: Rs 233| Stop Loss: Rs 220

The second recommendation was Motherson Sumi. He said: "Motherson Sumi are doing really good. It has more demands than supplies. The company is expected to give the best numbers."

Gail was his third recommendation. Bhasin said, "PSU stocks are being neglected. Gail on the dividend deal and in terms of gas distribution is the best player." 

Motherson Sumi: Buy| LTP: Rs 133.40| Target: Rs 130| Stop Loss: Rs 142

Bhasin also recommended Siemens and ABB. He said, "Siemens and ABB are following the L&T delivery pattern. So, you can accumulate these two."

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जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/QILMhmnrRc

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Bhasin recommended Siemens with a target of Rs 2700, and ABB with a target of Rs 3000.

"ABB, Siemens and L&T are witnessing the strongest-ever inflow of capital expenditure (Capex). That is what is reviving industrial Capex," Bhasin added.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)