Neeraj Chadawar of Axis Securities believes that market volatility is likely to provide good opportunities for Midcaps and Small caps.
Long-term investors should pick their favourite mid and smallcap shares gradually over the next few months, experts say.
In the daily time frame, the bullish momentum is losing steam as RSI has shifted to the sideways zone from the bullish zone.
After some tough years, the pharma sector is performing well and is around 25 percent up while the broader market is down 20 percent year-to-date.
Mitesh Thakkar of miteshthakkar.com recommends selling Bharat Forge with a stop loss of Rs 376 for target of Rs 350 and Britannia Industries with a stop loss of Rs 2840 for target of Rs 2720.
Correction is expected to continue, but this is the right time to accumulate quality stocks, most of experts feel
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers with a stop loss of Rs 175, target of Rs 190 and Muthoot Finance with a stop loss of Rs 768, target of Rs 790.
Sudarshan Sukhani of s2analytics.com recommends buying Cadila Healthcare with stop loss at Rs 264 and target of Rs 279 and Colgate Palmolive with stop loss at Rs 1490 and target of Rs 1535.
Maybank Kim Eng feels a more broad-based participation of stocks and sector rotation is a more likely trend in 2020.
The market traded in a range last week amid weak macro data, but inline performance of India Inc helped the Nifty close near its crucial support of 11,900.
The S&P BSE Midcap index shed 1.31 percent, Smallcap Index was down 0.90 percent and S&P BSE Largecap Index fell 0.59 percent last week.
Sun Pharma which reported healthy numbers in June quarter failed to hold onto gains and lost momentum largely due to growing concerns in US and management rejig
As long as the banking index is trading above 28,000, we suggest trading with buy on dip strategy. Moreover, the banking index can continue to trade in a range of 27,600-29,000 for the coming week.
Trends on SGX Nifty indicate a higher opening for the broader index in India, a gain of 41 points or 0.35 percent. Nifty futures were trading around 11,643-level on the Singaporean Exchange.
If Nifty fails to regain 11,720 in the coming week, it may trigger further selling pressure. Important support for Nifty is seen around the 11,500.
Bank Nifty options data for upcoming weekly expiry depicts 31,000 as strong support as aggressive Put writing is seen at 31,000 and on upside the highest Call OI is at 32,000, which can act as strong resistance
Ashwani Gujral of ashwanigujral.com recommends buying Indraprastha Gas with a stop loss of Rs 320, target of Rs 345, Hindustan Unilever with a stop loss of Rs 1730, target of Rs 1765 and Titan Company with a stop loss of Rs 1110, target of Rs 1140.
Sudarshan Sukhani of s2analytics.com recommends buying Infosys with stop loss at Rs 734 and target of Rs 760, Manappuram Finance with stop loss at Rs 117 and target of Rs 126 and Bata India with stop loss at Rs 1346 and target of Rs 1380.
The global investment bank expects returns to be driven largely by earnings with potential valuation overshoot in the near-term.
Positional trader can create fresh long position above Rs 658 with a stop below Rs 635 on closing basis for an initial target of Rs 715.
A breakout of descending trend line on lower time frame will occur only above 10,881, suggesting a tight range for the index—10720 to 10881
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1145 and target of Rs 1170, Berger Paints with stop loss at Rs 322 and target of Rs 331 and HCL Tech with stop loss at Rs 955 and target of Rs 980.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1150 and target of Rs 1185, NIIT Tech with stop loss at Rs 1170 and target of Rs 1210 and RBL Bank with stop loss at Rs 568 and target of Rs 585.
Elara said NBFCs are expected to bear the brunt of tightening liquidity, down 18.6 percent YoY, whereas banks would benefit, up 69 percent YoY, due to improving credit deposit ratios and improvement in pricing power, given the stress in the NBFC space.
During Q2FY19, its net profit increased by 93.32 percent to Rs 414 crore from Rs 214.12 crore on YoY basis on 14.23 percent higher sales of Rs 2539.86 crore.