Anil Singhvi bearish on 1 Maharatna PSU and 2 midcap stocks; check stop losses and targets
Zee Business Managing Editor Anil Singhvi has shared his 9 AM stock recommendations for June 12, focusing on one large-cap PSU and two midcap stocks. Here’s a list with stop loss and target levels for each trade idea.
Anil Singhvi's top picks for June 12
Market guru Anil Singhvi recommends one PSU stock to sell and two midcaps to watch closely today. Scroll through for stop loss, targets and rationale.
BHEL
Target: 254, 251, 245 | SL: 262
BHEL has run up sharply in the last few sessions. Singhvi advises booking profits now as a near-term correction is likely.
Sell BHEL Futures
Target: 254, 251, 245 | SL: 262
BHEL has run up sharply in the last few sessions. Singhvi advises booking profits now as a near-term correction is likely.
Why BHEL is a sell today
The stock has outperformed recently, but momentum indicators suggest exhaustion. Traders are advised to stay cautious with tight stop losses.
Sell Paytm Futures
Target: 955, 945, 935 | SL: 982
After the Finance Ministry dismissed reports about MDR on UPI payments, Singhvi says this is a sentimentally negative trigger for Paytm.
Paytm weak on sentiment, short-term pressure likely
Lack of MDR monetisation for UPI transactions remains a key overhang. Traders can consider a short position with strict risk controls.
Buy Tanla Platforms – board meet for buyback in focus
Target: 635, 645, 655 | SL: 616
Tanla Platforms is seeing renewed interest as the company considers a buyback in its June 16 board meeting.
Tanla technicals signal breakout zone
Momentum is picking up in Tanla with a bullish setup on charts. The buyback proposal could act as a fresh trigger.
Singhvi’s strategy – focus on news-based plays
Each of today’s picks is backed by either news flow or valuation re-rating. Traders should enter with discipline and defined SLs.
Quick recap – today’s stop loss and targets
BHEL – Sell | SL: 262 | Tgt: 254/251/245
Paytm – Sell | SL: 982 | Tgt: 955/945/935
Tanla – Buy | SL: 616 | Tgt: 635/645/655