Rahul Shah of Motilal Oswal told CNBC-TV18, "In terms of trades, two clear sector winners I think what we can gauge in last couple of sessions, one is private financials. I think private sector banks look quite interesting and I think that is a sector one should look at and in that I think the leader is HDFC Bank. We have seen a new fresh high in HDFC Bank today and longs have also added and that is leading the rally in Bank Nifty as well. I would buy HDFC Bank with a stop loss of Rs 1,782 and target of Rs 1,865."
"The second sector which is leading is metals. So, metal again has seen some pause in couple of days and again it is getting reinforced. So JSW Steel again is at all-time high, the stock is looking very attractive and technically also it has given a good breakout. So, I would buy JSW Steel with a stop loss of Rs 261 and target of Rs 285," he added.
"Thirdly from the midcap space is Fortis Healthcare. I think after a long time the stock has after a consolidation intend to move a little bit. In future segment what data suggests is that one can go long in Fortis with a stop loss of Rs 151 and target of Rs 165," he added.
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