In a chat with Zee Business Managing Editor Anil Singhvi during the popular TV Show ‘Bhasin Ke Hasin Share’, analyst Sanjiv Bhasin said that there could be some profit booking in markets because of the global cues. The undertones are quite strong, the IIFL Director said pointing to the strong results being reported in the quarter from the likes of ACC Cement, Federal Bank and HDFC Bank. He said that it is only the beginning.  

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On Indian economy outlook, Bhasin said that it will be a global outperformer. Reiterating his previous position, he said that Nifty was poised to hit 12000 level by Diwali. He also said that Bank Nifty could hit 25000 by 29 October. The mid cap space continues to stand on a firm ground, he added. 

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He also gave updates on his previous recommendations. Federal Bank, IGL and RBL stocks have hit their target price. He said that he was bullish on Sun TV and Bharat Forge.     

He gave two buy and one sell recommendations today.    

Top Stocks to Buy:  DLF

The technical analyst recommended DLF, a stock from the real estate sector. He said that investors should buy this stock at Rs 166 – Rs 166.50. He puts the stop loss at Rs 163.50 while the target price at Rs 180. 

Top Stocks to Buy:  Bharti Airtel 

Another stock picked by him was Bharti Airtel, which has been an underperformer. This stock has tremendous value, he said. He said that investors should buy this stock at the existing price of Rs 402. He puts the stop loss at Rs 395 while the target price at Rs 430. 

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Top Stocks to Buy:  Bajaj Auto 

He recommended a sell in this stock at Rs 3000 - Rs 3010. He puts the stop loss at Rs 3040. The target price is Rs 2900.