Why Sanjiv Bhasin gave buy call for GAIL, NALCO and HDFC Bank| Know stop-loss, targets, and more

Market expert and IIFL Securities Director Sanjiv Bhasin gave his top pick today for investors. 

The stocks were recommended in the popular TV show ‘Bhasin Ke Hasin Shares’. 

Know what is the update and outlook of the market, which stocks he recommended today, and why they are likely to give handsome returns to the investors.  

Taking about yesterday's auction strategy, Sanjiv Bhasin said Wipro of Rs 680 is sold out at Rs 36. 

Whoever took this stock yesterday, his money almost doubled today, he reminded. The price of the stock, at the time he recommended, was Rs 23.

Yesterday it was difficult to take put on any stock but Bhasin mentioned Wipro in his strategy because Wipro's best results are already priced in, as he said in the show.

He further added that those who watched the show yesterday have made a lot of money in this auction.

For today, Bhasin said oil, gas, and metals are shinning because the dollar has come to a four-month low and recommended three buy calls that will benefit investors and traders.

GAIL Limited  

Bhasin said GAIL is the largest player in gas distribution. People are not aware but it has a very large business in petrochemical and polymer.  

Buy: Rs 144.50

Target Price: Rs 150 and Rs 152  

Stop Loss: Rs 141.50

NALCO (National Aluminium Company Limited)

Bhasin said National Aluminum is the largest player in bauxite and aluminum. He added copper prices are also going high. 

So, he thinks that next in line will be bauxite and aluminum because this metal rally and weaker dollar are doing very well for companies like NALCO.  

Buy:  Rs 112.90

Target Price: Rs 120

Stop Loss: Rs 109

HDFC Bank Limited

He said HDFC's result will be announced a day after tomorrow and this is the reason, he recommended to take HDFC Bank Put of 1500 at Rs 14.

Buy 1500 Put at Rs 14  

Target Price: Rs 30

Stop Loss: Rs 7

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