Nifty likely to trade in 11,000-11,550 range
Axis Bank, Dr Reddy’s, Hero MotoCorp, ICICI Prudential Life stocks look good for the short term.
By ET Bureau |
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The Nifty and Bank Nifty formed bullish bat harmonic pattern on daily chart suggesting some pullback may be possible in the coming sessions, according to technical analysts. Stocks such as Axis Bank, Sun Pharma, Dr Reddy’s, Hero MotoCorp, ICICI Prudential Life look good for the short term, they said.
RAJESH PALVIYA
Advise buy, if the Nifty corrects in near/ short term to 11,100-11,000 which is a strong support zone. Pharma, FMCG, bank and auto expected to show some recovery in coming weeks
SWAPNEEL MANTRI
Expect a bounce back in oversold counters like Apollo Tyres, Piramal Enterprises and Page Industries. ICICI Prudential Life has been consolidating long and could head towards ₹440-450 levels in coming sessions
ROHIT SINGRE
Some of the technical picks where investor can catch dips for 10-15 per cent in short term with keeping stop out levels below 5-7 per cent are Sun Pharma, L&T, Century Textiles, GSPL and ICICI Lombard
RAJESH PALVIYA
Advise buy, if the Nifty corrects in near/ short term to 11,100-11,000 which is a strong support zone. Pharma, FMCG, bank and auto expected to show some recovery in coming weeks
SWAPNEEL MANTRI
Expect a bounce back in oversold counters like Apollo Tyres, Piramal Enterprises and Page Industries. ICICI Prudential Life has been consolidating long and could head towards ₹440-450 levels in coming sessions
ROHIT SINGRE
Some of the technical picks where investor can catch dips for 10-15 per cent in short term with keeping stop out levels below 5-7 per cent are Sun Pharma, L&T, Century Textiles, GSPL and ICICI Lombard
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