Energy Development Company can give good gains today: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com, shares his views on the outlook of the Nifty.

Is there any trade that you have identified in the midcap pack?

Energy Development Company is one such stock. It is engaged in power generation and distribution. Going by yesterday's trading activity, the stock may show some good move today.

JBF Industries is another stock to focus on. If you believe that this upswing is going to continue and the Indian market would be in focus, then stocks like JBF are low risk based.

I would also like to watch the movement of IVRCL because it rose to Rs 92. Probably declines close to about Rs 80 odd levels would throw up some buying opportunity. But I am not yet convinced that we are actually moving into major intermediate uptrend immediately because April Nifty options are not suggesting anything of that kind.