Whenever momentum stocks start falling down and makes a distribution pattern, it is an indication that decline could be big.
According to Anu Jain, Senior Vice President of IIFL Private Wealth, Rs 87-88 continues to be a resistance zone for Hexaware Technologies.
According to Anu Jain, Senior Vice President of IIFL Private Wealth, if Reliance Industries breaks down below Rs 790-785 levels, one could see probably some more weakness going ahead.
Anu Jain, Senior Vice President of IIFL Private Wealth said she would be bullish on LIC Housing Finance. She advised holding the stock for a target of Rs 257.
According to Anu Jain, Senior Vice President of IIFL Private Wealth one should not buy real estate sector.
Prashastha Seth of IIFL Private Wealth in an interview to CNBC-TV18 gave reading and outlook on stocks across various sectors while answering investor queries.
Prashastha Seth, IIFL Private Wealth feels that investors should hold their position in Orchid Chemicals.
Jain Irrigation is a good long term bet, says Prashastha Seth, IIFL Private Wealth.
Prashastha Seth, IIFL Private Wealth advices investors to hold Allahabad Bank for long term.
Prashastha Seth, senior vice president at IIFL Private Wealth suggested holding on to IVRCL. He further said that Lovable Lingerie is a good buy at Rs 300 levels and a good selling at Rs 450 levels. Moreover, he advised nibbling in Larsen and Toubro (L&T) at these levels, but avoid BHEL.
Hold Bharti Airtel, says Prashastha Seth
Do not sell Punj Lloyd at these levels, says Prashastha Seth, Senior VP, IIFL Private Wealth.
Exit Shree Renuka Sugars, says Prashastha Seth, Senior VP, IIFL Private Wealth.
Prashastha Seth, Senior VP at IIFL Private Wealth view on midcap space.
Prashastha Seth, Senior VP at IIFL Private Wealth is of the view that investors can hold Oil and Natural Gas Corporation (ONGC).
Hold PNB, says Prashastha Seth, Senior VP, IIFL Private Wealth.
The market has been trading in a narrow range since past few sessions. According Ashish Chaturmuhta, vice president of derivatives and technical at IIFL Private Wealth, it would be difficult for the market to sustain around 5,400 plus levels and it may dip towards 5,350 or lower levels as well.
Tata Motors has resistance at Rs 1165, says Ashish Chaturmuhta, VP Derivatives and Technical, IIFL Private Wealth.
See 2-3% upmove in ITC, HUL and, Exide Industries, says Ashish Chaturmuhta, VP Derivatives and Technical, IIFL Private Wealth.
Below Rs 260, ONGC can slip to Rs 235-240, says Ashish Chaturmuhta, VP Derivatives and Technical, IIFL Private Wealth.
SBI can test Rs 2050-2000, says Ashish Chaturmuhta, VP Derivatives and Technical, IIFL Private Wealth.
BHEL may slip to Rs 1820-1780, says Ashish Chaturmuhta, VP Derivatives and Technical, IIFL Private Wealth.
Prashastha Seth, Senior VP IIFL Private Wealth, IIFL, in an interview with CNBC-TV18's Anuj Singhal and Sonia Shenoy, shared his views on the inflation numbers and how it is impacting India’s growth, and gave his outlook on few stock going forward.
Prashastha Seth, Senior VP, IIFL Private Wealth is bullish on Zee Entertainment.
Prashastha Seth, Senior VP, IIFL Private Wealth view on TCS and Infosys.