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“The trend is actually like you said neutral or it is more towards sell on rise because for any sort of upside trend change, we will see that Nifty has to close above 18,250 in future,” says Shilpa Rout, Prabhudas Lilladher.
A view on the market after yesterday’s so called selloff led by FII selling. What are the trends that you are seeing for Nifty and more importantly for Bank Nifty as well.
The trend is actually like you said neutral or it is more towards sell on rise because for any sort of upside trend change we will see that Nifty has to close above 18,250 in future and likewise Bank Nifty should close above 43,000. So it is a very far off target from here. So for me it is sell on rise. Every rise that you get you need to sell the indices.
A view on the market after yesterday’s so called selloff led by FII selling. What are the trends that you are seeing for Nifty and more importantly for Bank Nifty as well.
The trend is actually like you said neutral or it is more towards sell on rise because for any sort of upside trend change we will see that Nifty has to close above 18,250 in future and likewise Bank Nifty should close above 43,000. So it is a very far off target from here. So for me it is sell on rise. Every rise that you get you need to sell the indices.
But if you had to get stock specific and tell us your top recommendations, what would those be?
I have two buys here – one is
. I am looking for targets of Rs 880 to Rs 900 with the stop loss of Rs 820 from current levels. Likewise I also have a buy on Metropolis with the targets of around Rs 1460 to 1500.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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