Sanjiv Bhasin stocks, strategy today: Buy JSW Steel, Havells shares - check price targets

Sanjiv Bhasin stocks, strategy today on Zee Business: Sanjiv Bhasin said that the US inflation data will come in cooler than expected. He said any fall in the Indian market is an opportunity to buy.

Sanjiv Bhasin stocks, strategy today: Buy JSW Steel, Havells shares - check price targets
Sanjiv Bhasin stocks on Zee Business: Buy JSW Steel, Havells shares - check price targets Pic: Zee Busines

Sanjiv Bhasin stocks, strategy today on Zee Business: Veteran market expert and IIFL Securities director Sanjiv Bhasin on Wednesday said that the US inflation data will come in cooler than expected. The December CPI inflation data will be released on Thursday. It will influence the Federal Reserve's interest rate policy when it meets the next later this month.

Bhasin said that any fall in the Indian market is an opportunity to buy. He recommended three stocks to Zee Business for short term gains. 

Syngene International

Buy: Rs 617
Target Price: Rs 640
Stop Loss: Rs 590

JSW Steel

Buy: Rs 750
Target Price: 800
Stop Loss: Rs 725

Havells India

Buy: Rs 1192
Target Price: Rs 1225
Stop Loss: Rs 1160

Meanwhile, the domestic equity market edged lower on Wednesday as traders and investors waited for consumer price data to offer cues on next rate hike plans. Benchmark indices -- Sensex and Nifty50 traded flat in the highly volatile session. At 10 AM, Sensex was up 55 points to quote 60,188 whereas Nifty50 was around 17900.

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Written By: ZeeBiz WebTeam
Updated: Wed, Jan 11, 2023
11:22 AM IST
New Delhi, ZeeBiz WebDesk
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