Sanjiv Bhasin strategy, stocks on Zee Business today: Buy M&M, Bajaj Auto, Sun Pharma- check price targets

Sanjiv Bhasin strategy, stocks today: IIFL Securities director and veteran market expert Sanjiv Bhasin on Monday, December 5, predicted a range-bound market and that banking stocks could show some pressure. He suggested investors to be defensive and said that metal stocks will outperform. He added that there would be stock-specific action.

In a special segment 'Bhasin Ke Haseen Share' aired on Zee Business, Sanjiv Bhasin again predicted that there could Rs 5 reduction in fuel prices (petrol and diesel) after the Gujarat elections and that auto stocks will gain.

He also said that the appreciation in Rupee against US Dollar has helped Gold to jump the crucial level of Rs 54000 for the first time since mid-April.

Sanjiv Bhasin Stocks on Zee Business Today, 5 December

M&M Future

The correction has been completed and it is at a good level for buying. The company is selling more than one can envisage, the market analyst said. It will lead the market from today afternoon to tomorrow.

Buy Price- Rs 1267.25

Target Price- Rs 1350

Stop Loss- Rs 1220

Bajaj Auto Future

Since the company is one of the biggest exporters and is doing incredibly well in exports, Bhasin recommended Bajaj Auto to Zee Business viewers.

Buy Price- Rs 3680

Target Price- Rs 3825/3850

Stop Loss- Rs 3600

Sun Pharma Future

Bhasin called this stock the biggest stock of safety.

Buy Price- Rs 1043.30

Target Price- Rs 1080

Stop Loss- Rs 1018