Dipesh Mehta of Motilal Oswal Securities expects selling pressure to continue for some time, but added that he will take long positions if Nifty corrects to 8,300 levels. (Watch)
Stock Talk:
Indian Oil Corp is a very good bet for a 5-7 per cent upside from a trading perspective. Targets can be Rs 402-403. For longer term, the stock can be accumulated from Rs 380 levels to Rs 400 levels for targets of Rs 440-460.
Vedanta: A rise of 3-4 per cent will present a good selling opportunity. On a longer term basis, Vedanta may slip to Rs 80 or Rs 70.
Maruti Suzuki: It is not a trading counter and looks risky at around Rs 4,500. The stock may see correction of 5-7 per cent to Rs 4,200 when investors should start accumulating. The stock may scale new highs.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
