Don’t see any major move in Maruti post earnings: Rajesh Bhosle, Angel Broking

Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading in the green on Thursday on the back of Fed policy decision and on the day of F&O July contracts expiry. BSE Sensex was hovering around 52,600, while the Nifty 50 index crossed 15,750 and were trading with gains of 0.4%. Rajesh Bhosle of Angel Broking shared insights on the trading strategy investors should adopt on the series expiry.

“Markets have been taking support near 15,600. The bias remains positive today. Traders should buy the index and book profits around 15,800. the Nifty Bank has been an underperformer, would advise an avoid. Specific stocks from the basket should be on radar.”

He also suggests investors should avoid being aggressive in broader markets space.

“On the earnings specific counters, Maruti is likely to remain subdued, instead one must go for Tata Motors. On the other hand, one can accumulate Nestle and ITC at the current levels”, he said

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L&T | Buy | Target: 1735 | Stop Loss: 1520

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