Buy Eimco Elecon; upswing seen: Rajat Bose

Rajat Bose, rajatkbose.com in an interview with ET Now talks about midcap stocks.

Would you avoid Nifty for next 4 or 5 days and would you like to buy midcap stocks purely because of this year end phenomenon?

I am quintessentially a Nifty follower so I would not desert my own favourite. One thing from an index point of view this March 31st is more of a myth and regarding midcap stocks yes definitely if the Nifty does not perform sometimes midcaps do.

From that point of view I would like to pick up some good stocks here one of them is say Eimco Elecon this stock has been forming a base and now a day before there was a breakout and chances are that you would see some upswing here. So I would like to pick that kind of a stock at this juncture.

There are quite a few such stocks which are showing bottom formation and moving up even some sugar stocks are also there so those kind of stocks can be picked up but when the put writers are going aggressive and when the call writers are covering their positions like hell it pays to be in Nifty. Yes, let us also go long in Nifty why not.