In the latest edition of MC Pro Masters Virtual, we are joined by Dr C K Narayan, Founder and CEO Growth Avenues
CK Narayan, MD of Growth Avenues advises going long in Just Dial and Adani Port.
Watch the interview of CK Narayan, MD of Growth Avenues with Latha Venkatesh and Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
CK Narayan, MD of Growth Avenues is of the view that one may look at Tata Steel, Tata Motors and Bharat Forge.
CK Narayan, MD of Growth Avenues is cautious on HCL Technologies.
CK Narayan, MD of Growth Avenues is of the view that one may look at capital goods space.
CK Narayan, MD of Growth Avenues feels that Infosys may dip to Rs 1010-1020.
Watch the interview of CK Narayan of Growth Avenues with Sonia Shenoy and Latha Venkatesh on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
The near-term outlook for equities remains subdued as a combination of weak expected earnings and global macros may weigh on sentiment but the current price action suggests the recent pullback may have further legs, according to two analysts CNBC-TV18 spoke to.
CK Narayan, MD of Growth Avenues is of the view that one may look at Infosys and Aurobindo Pharma.
CK Narayan, MD of Growth Avenues advises going long in ITC and having cautions view on ICICI Bank.
While rebuffing the idea that India can rally even if emerging markets fall, Manishi Raychaudhuri, Asia-Pacific Strategist, BNP Paribas says: "India remains an island, and as a consequence, on a relative basis, I think it would outperform the market complex."
Since Nifty is indicating a bottoming out process, one need not keep tight stop losses and allow it some breathing space, says Narayan.
CK Narayan of Growth Avenues is of the view that one may look at Coal India.
CK Narayan of Growth Avenues spoke with Latha Venkatesh & Sonia Shenoy of CNBC-TV18. He shared his reading and outlook on the market and also gave recommendations on various stocks.
CK Narayan, Growth Avenues said he expects Arvind to fetch gains up to about Rs 285-290 levels within July.
CK Narayan, Growth Avenues feels BHEL is a decent trade for July expiry as he expects it to touch Rs 280-285. He advised buying Union Bank of India as he expects the stock to rise 10 percent next week.
CK Narayan, Growth Avenues said one needs to track the end of the contra trend which can be done with simple tools and as soon as that signal is up and running on the charts, it's time to get back in. He advises using this strategy to stocks like Eicher Motors, Page Industries and Bosch.
CK Narayan, MD at Growth Avenues is of the view that one can buy Voltas on dips as the stock may rise to Rs 400.
CK Narayan of Growth Avenues believes Bank Nifty is capped at 19,000 on the upside and 18,500 on the downside.
CK Narayan of Growth Avenues advises buying Bajaj Auto between Rs 2140-2170.
According to CK Narayan of Growth Avenues, one may prefer Voltas from the midcap space.
CK Narayan, MD at Growth Avenues is of the view that one may look at private sector banks and prefers metal space.
CK Narayan, MD at Growth Avenues is of the view that one can buy ICICI Bank on dips.
According to Narayan, the market has not been respecting any support levels. The next major support level for the Nifty is 8000. But, there is no saying if it will hold