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Jai Bala of 1857 Advisors is of the view that one may prefer Karur Vysya Bank and IndusInd Bank.
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The Nifty is likely to consolidate around 7225 level if the market undertone continues to remain weak, believes Jai Bala of 1857 Advisors. Bala advises that current market conditions are apt for good bargain buying in some stocks.
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According to Jai Bala, Head-Technical & Cross Asset Strategy of 1857 Advisors, Chennai Petroleum Corporation is looking attractive from medium-term view.
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Jai Bala, Head-Technical & Cross Asset Strategy of 1857 Advisors feels that Mahindra and Mahindra may slip to Rs 1010-1025.
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Jai Bala, Head-Technical & Cross Asset Strategy of 1857 Advisors is of the view that one may enter Havells India at around Rs 275-290.
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Jai Bala of 1857 Advisors is of the view that above Rs 195, Chennai Petroleum Corporation may test Rs 265-280.
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According to Jai Bala of 1857 Advisors, one may see further downside in SpiceJet and Jet Airways.
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Jai Bala of 1857 Advisors is of the view that below Rs 800, HCL Technologies will be a good bet.
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Sanjay Dutt of Quantum Securities says the market has been fairly resilient at the 7500-7700 level. "Everything has been thrown at the market, right from the unfortunate Paris terror attacks last week to currency weakness, to commodities collapsing to new lows, everything has been thrown at the markets and markets have fairly held out," he says
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Jai Bala of 1857 Advisors is of the view that one may prefer Hindustan Unilever, Bosch and Bajaj Corp.
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Jai Bala of 1857 Advisors is positive on Cipla.
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According to Jai Bala of 1857 Advisors, Bajaj Auto and Mangalam Cement are my top picks in the auto and cement sector respectively.
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Jai Bala of 1857 Advisors feels that Infosys may move to Rs 1300-1350.
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In an interview to CNBC-TV18, Vinay Khattar of Edelweiss Financial Services and Jai Bala of 1857 Advisors shared their readings and outlook on market, specific stocks and sector.
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According to Jai Bala of 1857 Advisors, one may look at Bharat Forge.
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According to Jai Bala of 1857 Advisors, Bosch is a top pick.
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Jai Bala of 1857 Advisors feels that Cipla may go above Rs 800.
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Jai Bala of 1857 says it may be a good idea to hold on to winners such as Cipla, Ceat and Bosch rather than search for new ones. He is also positive on the telecom (Bharti Airtel, Idea Cellular) and auto space.
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Jai Bala of 1857 Advisors is of the view that one may expect higher levels in Reliance Industries.
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Jai Bala of 1857 Advisors feels that Ceat may go above Rs 1000.
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Jai Bala of 1857 Advisors feels that Grasim Industries may go upto Rs 4200.
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Jai Bala of 1857 Advisors is of the view that Axis Bank may test Rs 750 in next three months.
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Jai Bala of 1857 Advisors is bullish on the Nifty and sees it at 9300 from a two to three months timeframe. According to him, it would be great if Nifty were to pull back to around 8,310 or 8,240. "That will be a sizeable correction for the short-term move and then if it takes out 8490, it will be a very good base for the market," he adds.
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"The first thing is the longer-term structure from a three to six months perspective even if there is a low of 7,997, it makes no difference to the longer term structure," says Jai Bala of 1857 Advisors.
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Jai Bala of 1857 Advisors says from a long-term perspective, the structure for India is still positive. Also, with the Chinese market becoming frothy, 'money out of China is good for India', he adds.
_0357_356.jpg?impolicy=website&width=135&height=80 "M&M may slip to Rs 1010-1025, says Jai Bala")
