A dip towards the swing low of 15,460 can be seen as a fresh buying opportunity. On the higher side, 15,700-15,750 will act as a near-term hurdle, says Ratnaparkhi.
Traders and investors need to have exposure in the metal stocks but they should wait for a fresh setup to make an entry, says Ratnaparkhi.
The short-term correction offers an opportunity to market participants to create fresh long positions in the small and midcap space before the next leg of the rally begins, says Ratnaparkhi.
The short-term momentum indicator that has been showing negative divergence has triggered bearish crossover. Thus, a top seems to be in place at the recent high of 10,941.
Gaurav Ratnaparkhi of Sharekhan advises selling Adani Enterprises Future with a target of Rs 133.30.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Sona Koyo Steering Systems with a target of Rs 125.
Jay Thakkar of Anand Rathi Securities advises buying Kajaria Ceramics with a and target of Rs 706.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Ceat with a target of Rs 1885.
Gaurav Ratnaparkhi of Sharekhan advises selling IDFC Bank with a target of Rs 53.50.
Ruchit Jain of Angel Broking advises buying Century Textiles with a target of Rs 1160.
The structural uptrend still looks strong and intermittent corrections should be bought into, suggest experts.
Ashish Kyal of Waves Strategy Advisors advises selling Divis Laboratories Future with a target of Rs 610.
Gaurav Ratnaparkhi of Sharekhan advises buying India Cements with a target of Rs 223.
Rakesh Bansal of RK Global suggests buying Kansai Nerolac with a target of Rs 427.
Rakesh Bansal of RK Global advises buying Kansai Nerolac with a target of Rs 427.
Kunal Saraogi of Equityrush is of the view that one may buy Ashoka Buildcon with a target of Rs 216.
Gaurav Ratnaparkhi of Sharekhan advises buying HCC with a target of Rs 44.
Sameet Chavan of Angel Broking suggests buying buying Larsen and Toubro (L&T) with a target of Rs 1645.
Sameet Chavan of Angel Broking is of the view that one may buy Punjab National Bank with a target of Rs 155.
Sameet Chavan of Angel Broking is of the view that one may buy Indiabulls Real Estate with a target of Rs 92.
Gaurav Ratnaparkhi of Sharekhan advises buying Kaveri Seed Company with a target of Rs 489.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Sun TV Network with a target of Rs 738.
Rakesh Bansal of RK Global is of the view that one may buy Maruti Suzuki with a target of Rs 5800.
Rakesh Bansal of RK Global suggests buying Global Vectra Helicorp with a target of Rs 146.