In conversation with Zee Business Managing Editor Anil Singhvi, IIFL Securities Director Sanjiv Bhasin  has recommended two stocks on monthly F&O expiry day on Thursday, emphasising that the market could break out from 17500-mark on Friday. 

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Bhasin chose to maintain a bullish stance on the market and believed that the market would show an upcycle in the first week of May 2022.

Nippon Asset Management Company’s shares were recommended by Bhasin at the buying level of Rs 18 and were sold at Rs 30. Short term traders can book profit at Rs 340, he said. Mindtree, Mphasis, and Persistent Systems are the shares that Bhasin recommended investors should stick with.

Sanjiv Bhasin stock picks on April 28

HAL

Hindustan Aeronautics is the new emerging leader in the Indian defence sector, according to Bhasin.

Price: Rs 1636

Target Price: Rs 1720

Stop Loss: Rs 1595

DLF

DLF’s commercial space is moving in a bullish pattern, and the demand is also increasing, Bhain claimed.

Price: Rs 376

Target Price: Rs 390

Stop Loss: Rs 367

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