Market expert and IIFL Securities Director Sanjiv Bhasin said that the market is massively oversold and capitulated and could soon see levels between 16700 - 16800.

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Bhasin said this while speaking with Zee Business anchor Neha in a popular TV show ‘Bhasin Ke Hasin Share'. He also picked three stocks for investors for high returns.

'I have seen so many overflows and capitulation in the market after a long time' said the market expert.

He further said Bank Nifty is giving the best levels to enter now. He recommended buying the stock at a time when its is hovering around 32200-32300.

If you don't buy now then you will regret because it will touch Rs 34000 very soon, said the Director of IIFL Securities.
For today, Bhasin recommended three buy calls that will be beneficial for investors. He said all of them are blue-chip stocks.

Axis Bank
Bhasin recommended Axis Bank stock. He said Axis Bank will be the best retail number and after this acquisition of Citi bank, they will be the number two player in the credit card.
Buy: Rs 645 - Rs 647
Target Price: Rs 695 - Rs 700
Stop Loss: Rs 628

Bajaj Finserv and Bajaj Finance
Bhasin recommended Bajaj twins stocks - Bajaj Finserv and Bajaj Finance. He said this is the best time to buy bajaj stocks. They have the lowest cost of money and their credit expansion is doing extremely well.

Bajaj Finserv
Buy: Rs 14,100
Target Price: Rs 15,200
Stop Loss: Rs 13,700

Bajaj Finance
Buy: Rs 6000 - Rs 6020
Target Price: Rs 6450
Stop Loss: Rs 5850

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