Market Guru Anil Singhvi’s strategy, said – be selective in mid and small cap stocks
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But there will be an impact of mixed global signals on Tuesday. Market Guru Anil Singhvi has picked 2 shares for buying and selling in the market turmoil. He has given advice on trading in the futures market and Canara Bank in the cash market.
Weak shares for selling
Market guru Anil Singhvi said to sell shares of Dixon tech in the futures market. Sell the share with a stoploss of Rs 7100. The stock has downside targets of Rs 6850, 6755 and Rs 6625. Global brokerage firm Jefferies has downgraded the stock. It has been reduced from Hold to Underperform. The target has also been reduced to Rs 5920, which was earlier Rs 6440 per share.
PSU Stocks to Buy
Anil Singhvi has picked up Canara Bank from the cash market for buying. Buy the share with stoploss of Rs 560. The stock can touch the upside levels of Rs 584, 588 and 594. Actually, the share split has received approval from RBI. Under this, approval has been given to share split into 5 shares instead of 1. The process of share split will be completed in 2 to 3 months.