0

0

0

0

0

0

0

0

0

videos | IST

Prefer to buy Fortis Healthcare and BPCL, says Anu Jain of IIFL Wealth Management

Mini

Jain said, "The current rally is in a mature stage. There is a possible exhaustion which can set in on both the Nifty and the bank Nifty. The Nifty can stretch up to 13,700-13,800 but it seems that there could be some kind of a correction and the Nifty could retest 13,150."

Anu Jain, senior partner at IIFL Wealth Management, on Friday said she prefers to buy Fortis Healthcare & Bharat Petroleum Corporation Ltd (BPCL), and would sell HDFC Bank for target of Rs 1,300.
Jain said, "The current rally is in a mature stage. There is a possible exhaustion which can set in on both the Nifty and the bank Nifty. The Nifty can stretch up to 13,700-13,800 but it seems that there could be some kind of a correction and the Nifty could retest 13,150."
Manish Sonthalia, head of equities PMS at Motilal Oswal AMC said around the current levels you could see some correction in the markets but given the global liquidity there is still some steam left.
"However, the current move is not supported by fundamentals, it is only an expansion in PE multiples," he said.
Watch video for more.
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.