Rohit Srivastava of Indiacharts.com on Tuesday said this is a strong momentum market to probably ride rather than keep getting off.
“We are very close to 14,000 on Nifty, I do think that we got the momentum to move beyond the 14,000 mark. The only thing is I am not sure whether it happens before December 31 or it happens after that,” said Srivastava on CNBC-TV18.
On specific stocks in banks, Srivastava said, “On charts, we like stocks like HDFC Bank, so that is among the frontline so that is better placed to be in. Also, you do see some kind of momentum building up in stocks like IndusInd Bank today so we want to watch the second line counter as well.”
On healthcare, he said, “We have taken a definite interest in pharma space which has a large weightage in our holdings so we pretty much like across the board a lot of stocks one of them which we have in Lupin.”
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