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Technical Analyst, Rajat K Bose is of the view that Power Finance is a good bet.
Bose told CNBC-TV18, "At this point of time, if you have to buy something from the midcaps, my choice would be some power stocks, especially, Power Finance Corporation. All these days, I was looking at Rs 120-130 resistance area even on a day like this when Power Finance is going beyond Rs 130. So if it has closed above Rs 130, I think Power Finance is a good bet."
He further added, "Another stock could be a media stock maybe Inox Leisure that can actually give a good movement from here given the kind of interest in media stocks. So I would actually recommend these two if anybody is willing to buy for the medium-term to long-term."
May 23 2013, 10:43
- in MARKET OUTLOOK
May 23 2013, 09:33
- in Technicals