Will Nifty hit 18000, Bank Nifty 42000 next week? Expert Sanjiv Bhasin says this

In today’s edition of ‘Bhasin Ke Hasin Share’, IIFL Director Sanjiv Bhasin said that he remains bullish on the Indian markets and expects Nifty50 to hit 18000 next week. He said that Nifty Bank will also hit levels around 42000. He said that it will give new highs.  

India is now at the cusp of levels where market capitalization, financial independence and financial freedom will be buzz words, the expert said.

On his stock updates, he said the IOC, Vodafone Idea and IEX have bet their targets. The stocks

He said that he was bullish on Escorts Kubota shares and the counter will hit levels around 2500 and advised investors to make it their portfolio stock. The stock was trading around Rs 1994 on the NSE at the time of recommendation.

Bhasin recommended three stocks today which he said are poised for great returns.

Stocks to Buy: Power Finance Corporation (PFC) – He said that power lenders are in a good space and after the rerating of REC shares, it is now the turn of PFC. He said that the PFC stock will hit levels of Rs 125. The stock was recommended at levels around Rs 117. He puts the stop loss at Rs 113.

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जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज
PFC Fut, L&T Finance Fut और Bosch Fut में क्यों दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/FHwM0xZDk0

— Zee Business (@ZeeBusiness) September 8, 2022

Another stock to but is L&T Finance which is the biggest player in the two-wheeler space. Buy L&T Fin futures at Rs 80.30 with a price target of Rs 85 and stop loss of Rs 78.

His third stock was Bosch, which he referred to as his favourite stock. The stock was recommended at the price of Rs 17329. He gave two targets of Rs 18200 and Rs 18500 and the stop loss of Rs 16850.

All the stock wee in the Futures & Options (F&O) segment.