In an interview to CNBC-TV18, Yogesh Radke of Edelweiss Securities shared his readings and outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
"With the flows and momentum in the market, Nifty is surely headed for 9,300-9,350 levels for the expiry", he said.
Stocks like Reliance Industries Ltd (RIL) and Larsen and Toubro (L&T) will lead the market for the next rally, he added.
L&T, Siemens, Bharat Heavy Electrical Ltd (BHEL) are good counters to take the move upward for market. He believes there will be sectoral rotations in the market.
Within oil marketing companies (OMCs) pack, he prefers Bharat Petroleum Corporation Ltd (BPCL), followed by Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL).
Disclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes Moneycontrol.com.
For full interview, watch video...
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