Midcaps stocks have caught fancy of Indian retail investors, fund managers, as well as foreign investors back in the year 2014 soon after Narendra Modi, took charge at the center as Indian Prime Minister.
Broadly speaking, Nifty is likely to consolidate in a range of 9950 - 9685 levels and only either way breakout or breakdown will dictate the near-term trend, suggest experts.
VK Sharma of HDFC Securities suggests buying Infosys, Bajaj Finserv, Karnataka Bank and Pidilite Industries.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Aurobindo Pharma, Bajaj Finserv and Bharat Electronics and sell Motherson Sumi Systems.
According to Mitessh Thakkar of miteshthacker.com, one can buy Pidilite Industries and Bharat Electronics Limited.
Amit Gupta of ICICIdirect is of the view that one may pick State Bank of India, Federal Bank, Asian Paints and Petronet LNG.
With strong bearish pattern in daily chart coupled with a market regulatory stance on shell firm and geopolitical issue, the short term consolidation in next session can’t be ruled out unless market witnesses a favourable trigger.
According to Mitessh Thakkar of miteshthacker.com, one can buy Tata Motors 400 Put while he feels that L&T may slip to 1100 and the other stock that looks weak is Pidilite Industries.
ICICI Direct has recommended Buy rating on Pidilite Industries with a target price of Rs 890 in its research report dated July 27, 2017.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Larsen & Toubro, Dalmia Bharat and Motherson Sumi and can sell Fortis Healthcare and Raymond.
Reliance Securities recommended buy rating on Pidilite Industries with a target price of Rs 909 in its research report dated July 27, 2017.
Pidilite Industries is in focus as the company posted a weak set of Q1 earnings. In an interview to CNBC-TV18, Apurva Parekh, ED of the company spoke about the results and gave his outlook for the company.
The company had reported a net profit of Rs 272.15 crore during the same period of previous fiscal, Pidilite Industries said in a BSE filing.
There has been aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone.
Sandeep Wagle of powermywealth.com is of the view that one can buy Pidilite Industries and Apollo Tyres.
Ashwani Gujral of ashwanigujral.com suggests buying Pidilite Industries, Jubilant Foodworks and Canara Bank.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Cummins India and sell Pidilite Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy CESC and DCB Bank and can sell Bhushan Steel, Indian Oil Corporation and Pidilite Industries.
Vishvesh Chauhan of Monarch Networth Capital suggests buying BHEL with a target of Rs 145.
Mitessh Thakkar of miteshthacker.com suggests buying Bata India and JSW Steel and feels that one can sell Asian Paints and Pidilite Industries.
According to Mitessh Thakkar of miteshthacker.com, one can sell Pidilite Industries and can buy Container Corporation of India.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Dr Reddy’s Labs and sell Pidilite Industries.
Ashish Kyal of Waves Strategy Advisors suggests buying BPCL with a target of Rs 690 and Mindtree with a target of Rs 570.
Gaurang Shah of Geojit Financial Services is of the view that one may hold Pidilite Industries.
Prakash Gaba of prakashgaba.com is of the view that one may hold Pidilite Industries.