Rahul Shah of Motilal Oswal discusses with Prashant Nair and Ekta Batra his analysis on the F&O side of the market as well as specific stocks and sectors.Check out his top stock recommendations.
- Banking sector saw a lot of sell-off in last couple of sessions. However, private sector banks will continue to do well. In that space, IndusInd Bank is holding on. It is again back to its near term high. One should buy IndusInd Bank with a stop loss of Rs 1,755 and target of Rs 1,830.
- Second buy would be from a midcap IT space. IT stocks are holding on and they have done quite well against the markets.
- Hindalco looks weakest among all the metals pack. Hence it is a sell with a stop loss of Rs 212 and target of Rs 188.