The next 10 days can prove to be very positive for the stock market, as the fear has already priced in, IIFL Securities’', Sanjiv Bhasin said in a chat with Zee Business’Business' Managing Editor Anil Singhvi.

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Bhasin said that Dow Futures were low on Friday as well, but the Indian stocks Market showed good rallies. The fear spread across the share market will ease eventually, and there will be reconciliation strokes.

Bhasin believes that the market has already reached its bottom, and any drop will serve as a buying opportunity.

PEL, DLF, Godrej Properties, as the gold prices are increasing, the money will be redirected towards fixed assets. He gave new targets for his earlier recommendations. For DLF, he said investors should hold till it reaches Rs 400, PEL’sPEL's new target was Rs 2250, and Godrej Properties updated target was Rs 1650.

Today's picks recommended by Bhasin are:

According to Bhasin, Government is going to emphasize and push for more Indian-centric models for the defence system. This creates a good opportunity for investors, and he recommended two shares from the defence sector.

BEL

Price: Rs 197

HAL

Price: Rs 1320 - Rs 1322
Target Price: Rs 1425
Stop Loss Price: Rs 1265

 

BHEL

Bhasin said that it is the biggest energy supplier for HAL.

Price: Rs 47 - Rs 47.50
Target Price: Rs 65
Stop Loss: Rs 45

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