LIC Housing Finance looks good: Kotak Securities

Shrikant Chouhan, SVP Technical Research, Kotak Securities, in a chat with ET Now talks about Gruh Finance, GIC Housing Finance and LIC Housing Finance.

On the charts, Gruh Finance, GIC Housing Finance, possibly even an LIC Housing Finance. Have you looked at them?

In this space, LIC Housing is the stock to look for but currently the stock is very near to its resistance level of 980. From here, we can expect some correction with a short-term view. So around say like 920-915, the stock is looking good to us but at current levels, it is better to stay away.

For these other two stocks, GIC and Gruha Housing Finance, very tough to say because they are like going up with very like thinvolumes and today we have seen the volume in that particular space. So right now we have to wait. If there is correction from current levels, we can look for it but if we want to choose any of the three stocks, we would like to go with LIC Housing because their long-term trend is very strong and we can expect 1050-1060 on the higher side.