Hot Stock Pick With Anil Singhvi: Sumeet Bagadia recommends this fabulous stock for massive gains

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Hot Stock Pick With Anil Singhvi: Zee Business Managing Editor Anil Singhvi has been busy recommending stocks that can help stock market traders and investors to maximise their returns. In this regard, the Market Guru today asked Sumeet Bagadia of Choice Broking to share his stock pick and the Executive Director of Choice Broking replied with Kotak Mahindra Bank shares to buy in Future & Option (F&O) segment.

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When Anil Singhvi asked about his today’s pick, Sumeet Bagadia said, “My pick for today is Kotak Mahindra Bank in F&O segment. I would recommend stock market traders to buy Kotak Mahindra Bank Rs 1960 per share put option at current Rs 30 maintaining the stop loss at Rs 17 for the target of Rs 50 to Rs 60.”

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On why Bagadia recommended put option of Kotak Mahindra Bank, the Choice Broking analyst replied, “Kotak Mahindra Bank has broken its yesterday’s low and hence I am expecting further bearish trend up to Rs 1920 levels in the Kotak Mahindra shares and hence I recommended Rs 1960s put option to buy at Rs 30 levels.”