Look at energy, private banks, NBFCs, tyres and fertiliser names: Vikas Jain, Reliance Securities




Broad-ranged action likely to be witnessed till the early part of September series. NSEBSETata SteelLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESTata MotorsLoading data…

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      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESLupinLoading data…

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        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESIndusInd BankLoading data…

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          ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESHPCLLoading data…

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            ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESDeepak FertilizersLoading data…

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              ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESApollo TyresLoading data…

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                ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESIndusInd BankHPCLDeepak FertilizersApollo TyresEXPAND TO VIEW ALL By Vikas Jain, Senior Analyst, Reliance Securities

                Where we are: ‘Tug of War’ between the bulls & the bears could continue in the coming weeks as well. As indicated by the short-term time cycle of 25 days, the index is yet to near the time wise reversal zone which could be witnessed near the first week of September.

                Broad-ranged action likely to be witnessed till the early part of September series with major support near 9,600 while resistance near 10,000.

                What is in store: Traders should resort to mean reversion strategy and avoid aggressive positions on either side. We expect the index to establish a base close towards 9,600 for the next up move towards 10,400 as we expect the secular up move to remain firm so far as 9,440 holds.

                Therefore declines if any from hereon should be utilised to add quality stocks which have delivered a good set of earnings & display a steady trend on the broad scale.

                What could investors do: Investors should utilise this opportunity to build a rock solid portfolio with diverse mix of large & mid-cap stocks. We continue to remain bullish in sectors such energy, private banks, NBFCs, tyres and fertilisers. Among stocks HPCL, HDFC, IndusInd Bank, Apollo Tyres, Tata Motors, Deepak Fertilizers, KSCL , Sri Pipes, Lupin, Emami and Tata Steel are on our radar.




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