BuyJain Irrigation on dips: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com, in a chat with ET Now, gives his stock recommendations


What are the stocks you are recommending today?

I am hoping for a bounce back and the bounce back has already occurred. Unfortunately my recommendations were sent before market and therefore the market seems to have run a little ahead. I would recommend buying Jain Irrigation in case of a decline from present levels in the cash market preferably between Rs 172 to Rs 173 keeping a stop as Rs 170 levels which is sort of a weak swing reversal support at this point in time. The target would be between Rs 176 to Rs 178 intraday. Do not necessarily have to wait for Rs 178 and even if you get Rs 176, it would be time to book profits.