Anu Jain of IIFL-Private Wealth Management told CNBC-TV18, "In the frontliner Idea Cellular took support at Rs 172 and went almost up to the Rs 194 levels, so the dips can be used to buy. The stoploss will be closer to Rs 166-167. It is poised to move back closer to the Rs 200 levels out there. So would look at a dips to buy Idea.”
She further added, “If one were looking at midcap stocks then we have a couple of ideas which are technically looking decent. Gati, which has kind of made that Rs 200 low where it is trading, Rs 194 should be the stoploss and one can look at bounce back to about Rs 220 out there. For even long-term holders this looks to be a decent price to get into the stock.”
“The other stock which looks good from the medium-term now for investors rather than for traders would be National Buildings Construction Corporation (NBCC) which is at about Rs 784. It has taken horizontal trend line supports about Rs 710-720 and any dips if you get over the next week about Rs 760-750 should be used to get in. Medium-term targets are about Rs 850 -880.”
“Similarly for Force Motors, dips should be used for accumulation. I am not giving any level because if were to say Rs 1,480 that is far off but dip should be used for a move upto about Rs 1,900 in the mid terms. I would look at these four stocks in the midcaps to accumulate on dips,” she said.
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