In yet another episode of Hasin Ke Bhasin, Zee Business Managing Editor and Market Guru Anil Singhvi, spoke to Sanjiv Bhasin, Director of IIFL Securities Ltd, where he picked two stocks for high returns.

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Talking about the outlook for the market and buy picks update, Bhasin said the market will test 17000 that was done in the morning. He expected that the market will be between 17,000- 17,200, and from there it will continue next week.
 
Market global cues are positive. In India, the pessimism is more to do with weekly options and so on. Today HCL Tech announced the buyback. Banks saying that credits have never being so good. So, ignore the noise and take part in the market, Bhasin suggested. The market will regain its momentum.

On his previous recommendations, Bhasin suggested Siemens and Bosch shares. For today, Bhasin recommended two power stocks.

REC (Rural Electrification Corporation Limited)  
Indian public infrastructure finance company REC Ltd will get an official development assistance (ODA) loan from Germany’s KfW Development Bank to fund solar projects at home. Bhasin recommended REC stocks. He mentioned that REC is the power lender, and power assets are doing extremely well. 
Buy: Rs 131.80 
Target Price: Rs 138  
Stop Loss: Rs 127.5

IEX (Indian Energy Exchange) 
Indian Oil has increased its stakes in Indian Energy Exchange (IEX). He added that of PSU is increasing its stakes in IEX, then the result is positive and stocks will go upside.  
Buy:  Rs 252.30 
Target Price: Rs 262 and Rs 265
Stop Loss: Rs 246
 
 
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