The Nifty closed above 11,200 levels, which has opened target towards 11,350-11,450 levels on the Nifty, technical chartists said.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy HDFC Life, V Guard Industries and Cholamandalam Investment and can sell Equitas Holdings.
In an interview to CNBC-TV18, Rajesh Kothari, Managing Director, AlfAccurate Advisors shared his views and readings on some of the sectors from the broader market which are doing well despite of volatile market.
Kotak Mahindra Bank, RIL and HDFC Bank, among others, are being tracked by investors on Monday.
All these three insurance companies HDFC Standard Life, SBI Life and ICICI Prudential listed on exchanges in the last 16 months.
Sun TV and Lupin, among others, are on the radar of investors on New Year’s Day
According to Vijay Chopra of enochventures.com, one may buy HDFC Standard Life Insurance on correction.
Morgan Stanley has maintained its overweight rating on HDFC Bank, with increased target price at Rs 2,500 from Rs 2,200 per share as HDFC Bank remains a compounder with earnings rising at more than 20 percent.
Gaurang Shah of Geojit Financial Services is of the view that one may look at HDFC Standard Life Insurance Company.
According to Prakash Diwan of Altamount Capital Management, one may buy HDFC Standard Life Insurance Company on dips.
Motilal Oswal expects the company to deliver 25 percent CAGR in new business APE (annual premium equivalent) over FY17-20. This will be aided by its increasing bancassurance tie-ups, improvement in agency channel and higher direct sales.