Buy Bajaj Auto, Sell Hero MotoCorp Today: Sanjeev Bhasin

NDTV Profit Desk

14 Nov 2014, 08:43 AM IST

Sanjeev Bhasin, independent market analyst

The Nifty will attempt to close above the key 8,400 this week. Globally, the Dow Jones continues to scale new highs with Japan's Nikkei index is close in pursuit. Oil and gold prices continue to weaken despite being very heavily oversold.

The correction in markets after the excise duty hike in petrol and diesel maybe short-lived as markets discount the same.

Trading calls,

1) Buy Tata Steel: 468-472, stop loss 460, target 490

2) Buy Bajaj Auto: 2605-2615, stop loss 2550, target 2685

3) Sell Jindal Steel: 152-155, stop loss 160, target 140

4) Sell Hero MotoCorp: 2925-2935, stop loss 2985, target 2835

Previous trades,

Buy SBI: 2745-2757, stop loss 2700, target 2830-35

Buy UltraTech Cement: 2620-32, stop loss 2580, target 2720-25

Buy Gail India: 486-491, stop loss 477, target 520-523

Buy ICICI Bank: 1682-1688, stop loss 1652, target 1740-45

Buy ITC: 367-372, stop loss 361, target 387

Sell Tata Global: 157-162, stop loss 166, target 148

Investment call:

Buy Dish TV at 61-62 for a target of 75 by December 31. Digitization and better-than-expected volume growth in advertising will see outperformance in coming quarter. Best play on DTH (direct to home). Increase in subscription to help better margins.

Disclaimer: Investors are advised to make their own assessment before acting on the information.