"Nifty can consolidate till tomorrow’s noon, and investors should stay stock specific. There is no possibility of a correction in the market until the Nifty reaches 17700, 17800 points," said Sanjiv Bhasin in conversation with Zee Business’ Managing Editor, Anil Singhvi.

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Bhasin recommended these three picks for good returns:

Shree Cement

Shree Cement has dropped from its previous position. Shree Cement has both lime content and coke both under captive power, Bhasin said.

Price: Rs 23370

Target Price: Rs 24200

Stop Loss: Rs 23200

L&T

The middle east has raised the oil prices, and it will garner engineering contracts for L&T. Besides, it has one of the largest orders from the defence sector in the pipeline, Bhasin said.

Price: Rs 1755

Target Price: Rs 1850

Stop Loss: Rs 1715

Tata Consumers

Starbucks as a franchise has grown, and it had strong openings, Bhasin claimed.

Price: Rs 745

Target Price: Rs 800

Stop Loss: Rs 720

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