Sanjiv Bhasin strategy, stocks today: Buy IndusInd Bank and IDFC FIrst Bank shares - check price targets

Sanjiv Bhasin Stocks, Strategy: Veteran market expert and IIFL Securities director Sanjiv Bhasin on Monday said that next three days could be volatile for the Indian market. However, he is quite optimistic that Nifty50 could reclaim 18, 200 by February 27 and this month will end on a very positive note.

"There is no negativity in the market now. Results have been good, the underlying theme is positive and macro is also good. So, it is the time to buy. IT and mid-caps were underperformers three months back, but now they are outperformers," Bhasin added.

In today's edition of 'Bhasin Ke Haseen Share', the market veteran asked the viewers to buy shares according to the one's tolerability.  He noted, "Bank Nifty will see expiry of 41,800, Federal Bank is also the best proxy to play. I am also very positive on SBI".
 
He recommended two shares from the banking sector to Zee Business viewers today

IndusInd Bank

The Mumbai-headquartered financial services bank offers commercial, transactional and electronic banking products and services. The market expert said IndusInd Bank shares are available at a reasonable rate. 
 
Price: Rs 1114.05
Target: Rs 1175
Stop Loss: Rs 1090 

IDFC First Bank

IDFC First Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
 
Price: Rs 55.15
Target: Rs 61
Stop Loss: Rs 54