Given that India will remain a growth market in the long-term one cannot neglect growth stocks for a prolonged period of time, Jyoti Roy advised.
Now, the base seems to have shifted higher from 9,700 to 10,000 and here a breach of 10,000 would again apply brakes on the optimism.
Mitesh Thakkar of miteshthakkar.com suggests selling Bajaj Finserv with a stop loss of Rs 9450 for target of Rs 9240 and Container Corp with a stop loss of Rs 526 for target of Rs 495.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finserv with stop loss at Rs 9500 and target of Rs 10300 and Havells India with stop loss at Rs 611 and target of Rs 635.
A major theme for 2019 was corporate governance and companies with a good, clean management were rewarded handsomely by the markets – a theme which may well continue in 2020 as well.
Negative technical indicator and bearish market breadth signal the probability of a further decline in Nifty.
The company has a rich portfolio of diverse products and is engaged in lending across retail, SME and commercial customers, along with wealth management.
It is better to remain stock-specific and opt for stocks that have potential to rise rather than the ones that are overbought
Sudarshan Sukhani of s2analytics.com recommends selling Tata Motors with stop loss at Rs 164 and target of Rs 157 and Motherson Sumi Systems with stop loss at Rs 134 and target of Rs 122.
Mitesh Thakkar of Miteshthakkar.com advises buying Bajaj Finserv with stop loss at Rs 8,540 and target of Rs 9,000.
Ashwani Gujral of ashwanigujral.com suggests buying JSPL with stop loss at Rs 119 and target of Rs 130.
If Nifty crosses and sustains above 11,950 levels it would witness buying which would lead the index towards 12,000-12,100 levels
After the mega booster, most brokerages raised their Sensex and Nifty target by 15-20 percent from September 19's closing levels and also raised earnings estimates for sectors such as banking & financials, FMCG, auto
Prakash Gaba of prakashgaba.com recommends buying Sun Pharma with target at Rs 455 and stop loss at Rs 435.
Mitessh Thakkar of mitesshthakkar.com recommends buying Asian Paints with a stop loss of Rs 1386 and target of Rs 1440 and Zee Entertainment above Rs 368 with stop loss of Rs 363 and target of Rs 382.
Prakash Gaba of prakashgaba.com advises buying HUL with target at Rs 1810 and stop loss at Rs 1765
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finserv with a stop loss of Rs 7594 and target of Rs 7740 and HCL Tech with a stop loss of Rs 1120 and target of Rs 1175.
Rajat Bose of rajatkbose.com recommends buying Hindustan Unilever with stop loss below Rs 1727 for targets of Rs 1755 and Rs 1773 and Maruti Suzuki with stop loss below Rs 7424 for target of Rs 7520.
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank with a stop loss of Rs 670, target of Rs 692 and Amara Raja Batteries with a stop loss of Rs 678, target of Rs 700.
Few large-cap stocks are performing well that are contributing high in the index gain. However, if we talk about mid and smallcap, steam is gathering to give a breakout based on the charts
Ashwani Gujral of ashwanigujral.com recommends buying Can Fin Homes with a stop loss of Rs 355, target of Rs 372, Cholamandalam Investment with a stop loss of Rs 1470, target of Rs 1510 and Bajaj Finance with a stop loss of Rs 3100, target of Rs 3165.
The relative strength index (RSI) on the Nifty50 daily chart has formed a negative divergence, but a new high cannot be ruled out on a sustained trade above 11,680.
Sudarshan Sukhani of s2analytics.com recommends buying Hexaware Tech with stop loss at Rs 352 and target of Rs 368, Tata Consultancy Services with stop loss at Rs 1995 and target of Rs 2070 and ICICI Prudential Life Insurance with stop loss at Rs 354 and target of Rs 370.
It is advisable to take some profit off the table at the current juncture in the mid and small-caps and wait for a decent throwback to renter at lower levels.
On the downside, 10700-10600 levels will act as a good support zone for the Nifty moving forward.