Buy ABB and Areva T&D: Rohit Shinde

Rohit Shinde, Independent Analyst in an interview with ET Now talks about Areva T&D and ABB.

You have also got a few picks of your own and you particularly like stocks from the capital good space, we were discussing Areva T&D and ABB yesterday a positive outlook there on these two?

The reason why I have recommended these basically is good sector strength I am seeing basically in healthcare, FMCG, capital goods to a large extent in these particular market. Today in the morning expecting market to stabilise to some levels most of these buys have given as a buy trigger above certain level its not a entry immediately so first we go with the first one ABB you can buy it above 864 currently around 855 levels approximately and with a target of 880 for a stop loss of approximately 858.

The second capital good stock I was recommending Areva T&D now this also again you have to buy only above 297 for a target of 309 and a stop loss of 291. Third stock I would go it is a pharma stock, Sun Phrama defensive stock (7:55) its below the level but if it goes above only 1706, target approximately of 1728 and keeping a stop loss of approximately 1695.