In a chat with Zee Business Managing Editor Anil Singhvi, analyst Sanjiv Bhasin said that his analysis on Bank Nifty has been spot on as this index touched 23000-mark today. The IIFL Director said that this boom is likely to continue till Diwali and Bank Nifty will touch 25000.  He said that this is just the beginning for the banking sector. 

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He said that Axis Bank has announced a wage hike of 12 per cent and this is testimony to where the sector is headed. His previous recommendation of Bandhan Bank today hit the target too. Other stocks including Tata Power, Adani Ports and Ambuja Cement have also met their target prices he said. He was also bullish on NTPC. 

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Bhasin today gave two picks and both were Buy calls. 

Top Stocks to Buy: Sun Pharma

His first buying pick was from the pharmaceutical sector. He recommended Sun Pharma saying that this stock will be an outperformer, going forward. This stock is currently trading at around Rs 515. He put the stop-loss at Rs 505 and the target price at Rs 575. It will come out with best numbers in the entire pharma space, he claimed. 

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Top Stocks to Buy: Sun TV  

The Director picked Sun TV as another top stock. He recommends buying in at Rs 468. He puts the stop-loss at Rs 461 and the target price at Rs 495.