Pullback rally soon? Sanjiv Bhasin on 4 stocks to bet on in this uncertain market conditions

economictimes.indiatimes.com:

Sanjiv Bhasin, Director, IIFL Securities, says In the current market scenario, Hindustan Unilever Limited (HUL) emerges as a compelling addition to investment portfolios. A systematic investment plan (SIP) in HUL, with a minimal downside risk of Rs 50 but an upside potential of Rs 400, should be considered. Another stock to watch is Larsen & Toubro Infotech (LTI), despite recent negative news. Insiders believe that any impact from resignations has already been factored in, making LTI an attractive option at Rs 4,800. Indiabulls Real Estate is also gaining attention as a lucrative prospect, especially with its market cap of Rs 6,500 crore, recent infusion of Rs 4,000 crore. Investors are advised to consider reallocating from heavyweight stocks like Godrej and DLF to capitalize on the potential growth of Indiabulls Real Estate. Additionally, opportunities may arise with ICICI Bank, expected to deliver strong financial results.

Things are heating up for the markets. You had warned of this kind of weakness and volatility in the markets. What next? Do you see this weakness continue for some more time?
Sanjiv Bhasin: Yes, we had warned investors to take some money off the table.

There was too much froth and that played out well. We have seen commodities lead the rally – gold and silver – and stock specific move.We still think there is a little bit more bloodletting coming. However, in the short run, after 22,800, if you fall to 22,150, there should be a lot of support here.