Bullish on Oracle Financial Services and Exide Industries: Sandeep Wagle

In an interview with ET Now, Sandeep Wagle, Founder & CEO, Power My Wealth, shares his views on markets. Excerpts:

ET Now: From the midcap IT space, anything that looks good for a long trade, come Morning.

Sandeep Wagle: OFSS is looking good, the way it fared in the last half an hour suggests that there could be some upside on Monday morning. It has bounced back from the lower levels and I see breaking the prior swing high of 4450 or so and moving past 4500. At current level of 4360, I would talk of 3% to 45 to 5% trading upside, come Monday morning.

ET Now: What stocks are looking attractive for trade on Monday?

Sandeep Wagle: I would talk of sell in Exide Industries – stop loss of 159, target of 145 and a buy in OFSS, stop loss 4280, target 4520.