Kunal Bothra of LKP told CNBC-TV18, "I think the ideal strategy for traders or short-term traders should be to have atleast 60-70 percent of the portfolios bend towards the stocks, which are already moving. So, stocks like the real estate pack, HDFC Bank, HDFC are moving quite significantly today."
He further added, "In the real estate pack Housing Development and Infrastructure (HDIL), even Unitech looks to be quite attractive. It is holding on to the previous bottom of Rs 19 odd level and good psychological support as well."
"In these stocks, one might see a relief of 3-5 percent atleast in a couple of days, that is what I am playing for. If Nifty holds 5,820 and if these stocks perform, there is a chance that we might start a fresh rally on the upside."
"Stocks like State Bank of India (SBI), ICICI Bank and Axis Bank, a day where you have Nifty up 125 points, are just 1-1.5 percent up whereas the Nifty is up 2-2.5 percent. I would probably bent my portfolio more towards the stocks which are already performing right now," Bothra said. Also Read: HDFC Bank says got an I-T enquiry post Cobrapost expose
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
