We expect Nifty to continue hover within 11,700-12,100 range and feel it’s a healthy pause and the overall trend would remain positive.
VK Vijaykumar of Geojit Financial Service feels the proposed AIF is better than the earlier one since this also includes projects referred to NCLT.
In October, the Sensex rose 3.8 percent and the Nifty was up 3.5 percent.
"It is our preferred pick due to its focus on growth & cost optimisation, though weak cement prices in the south and east are near-term concerns," CLSA said.
As long as banking index is trading above 28,000, we suggest trading with buy on dip strategy.
Rajat Bose of rajatkbose.com recommends buying Hindustan Unilever with stop loss below Rs 1727 for targets of Rs 1755 and Rs 1773 and Maruti Suzuki with stop loss below Rs 7424 for target of Rs 7520.
Given near-term earnings visibility in South-based cement companies, they could outperform in the short run, according to the brokerage.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2592 and target of Rs 2680, Lupin with a stop loss of Rs 851.5 and target of Rs 890 and Finolex Industries with a stop loss of Rs 547 and target of Rs 585.
CLSA trimmed FY19-21 EPS estimates for major cement players by 3-15 percent.
Harendra Kumar of Elara Capital said given the overall robustness in earnings recovery, 2019 could well be a year of midcaps and smallcaps.
A trade below 10,755 will trigger profit booking dragging the index lower to levels of 10,560-10,460, says Aditya Agarwala of YES Securities.
Mitessh Thakkar of mitesshthakkar.com recommends buying Cummins India with a stop loss of Rs 812.5 and target of Rs 865, Mahanagar Gas with a stop loss of Rs 875 and target of Rs 950 and Power Grid with a stop loss of Rs 188 and target of Rs 202.
Mitessh Thakkar of mitesshthakkar.com suggests buying United Spirits around Rs 490 with stop loss of Rs 480 and target of Rs 513 and Radico Khaitan with a stop loss of Rs 320 and target of Rs 348.
Sudarshan Sukhani of s2analytics.com suggests buying Apollo Hospitals with stop loss at Rs 1070 and target of Rs 1120, Aurobindo Pharma with stop loss at Rs 740 and target of Rs 794 and Tata Consultancy Services with stop loss at Rs 2050 and target of Rs 2200.
Reliance Securities has maintained its positive stance on UltraTech Cement and Shree Cement in the largecap space
Rajesh Agarwal of AUM Capital recommends buying Divi's Laboratories with stop loss at Rs 1090 and target of Rs 1157, Reliance Industries with stop loss at Rs 1018 and target of Rs 1060 and Hindustan Unilever with stop loss at Rs 1690 and target of Rs 1749.
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
"The company has a strong balance sheet, low debt, and optimize operating capacity and management focus is to increase market share which would give a strong growth in the company," says a report by SMC Global Securities.
Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
says Rajesh Agarwal AUM Capital.
Ramco is a top pick in the cement sector as channel checks indicate demand pick-up In Tamil Nadu, the brokerage house said.
HUL, GMR Infra and telecom, among others, are being tracked by investors on Monday.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer India Cements and Ramco Cement.
Morgan Stanley has Overweight call on PNB with a target price at Rs 215 per share as the company reported stable asset quality and provisions were 12 percent higher than estimate.