“15,950 is the immediate hurdle for the Nifty. There could be some consolidation in the short term but positionally we can expect the Nifty to claim 16,000 and 16,100. For the immediate term Nifty has support placed at 15,700. For the Nifty Bank inching higher is a positive sign. Expect Nifty Bank to outperform in August”, he said.
He also believes that broader markets will sustain the outperformance. On the specific sectors it is the realty space which is buzzing.
“Like stocks like Oberoi Realty from the realty space and from the auto space on the back of auto sales, we prefer Maruti.”
Cochin Shipyard | Buy | Target: 400 | Stop Loss: 368
HDFC Life | Buy | Target: 690 | Stop Loss: 655
Tata Chemicals | Buy | Target: 810 | Stop Loss: 755
