Buy now sell now: Your stock queries answered by market experts
Domestic benchmark indices were trading with gains on Fantastic Friday! Broader markets too showed the same up-trend. Power Grid was at the top of index gainers upon opening - and was followed by HDFC Bank, IndusInd Bank, Reliance Industries. Amid this, we spoke to two of our seasoned market experts, who once again answered all your queries on what to buy and how to buy.Q. Motherson Sumi - hold or sell for a short term targetKunal Bothra: You can look to hold on for 3-4 months, but the very recent trend that has emerged for Motherson Sumi, when the trend had made a considerable jump in the recent result declaration and now the rally has reversed - it is not a very encouraging sign. When we see a rally with such a breakout, you would expect a maximum of 50% of the retracement is what the stocks should go through. But if the stock has the capability to reverse the entire 100% of the recent rally, it means that the trends are not strong enough for the stock and the stock may take a lot of time to settle down.Q. Prince PipesVikas Sethi: Prince Pipes is a good stock. But if I were to make a choice from a long term perspective, I would choose Astral Pipes or Finolex Pipes. They look to be much better than this company. While Prince Pipes is a good company and is doing well, I think from a long-term point of view one should look at Astral Pipes or Finolex Pipes.Q. Reliance Industries June FuturesKunal Bothra: There are a lot of encouraging points on the charts for Reliance Industries. The first is the very recent rally that this stock has shown. Every time this stock has seen a rally, in the last 7-8 months, it has been more of a staggard kind of a move for the company where the stock took almost 2 to 3 weeks to rally 5%. This time it's a bit different because you can see a 10% move for Reliance Industries in a matter of just 4-5 trading sessions and the stock has graduated on a new level on the upside. So it's taking a little time to break out of that 2200-2250 zone very convincingly. I will definitely suggest a buy or a hold on this stock.Q. Tata CoffeeKunal Bothra: Tata Coffee looks attractive on the stocks. It has been doing quite well in the last 2 months. It is a good stock but if we are looking at a fresh buy, it may not be at a better level to enter the stock at current levels. I would suggest that wait for a small dip in the levels and that would be a better zone for you to buy because looking at the volume accumulation and the patterns of the stock, it is possible that some sort of a short term cool off can happen to the stock right now.Expert Kunal Bothra placed both TCS and Biocon at Moderate Risk. On the other hand, Managing Director of Sethi Finmart, Vikas Sethi chose Huhtamaki PPL and D-Link for Low Risk. So where do you want to invest today?