Top 2 stock recommendations from Aditya Agarwala

“I don’t see too many hiccups even though 18,550 is your immediate support on the downside. If that level is broken, a further correction of 100-150 points could be seen,” he said. Aditya AgarwalaInvest4edu.

Through the RBI The action was predictable with a 35 basis point increase market is a little worried. What do you think will be the future scope?
There was a bit of selling pressure and I would call it a bit more profit taking after the good rally we’ve seen. Maybe RBI policy turned it into an excuse for the market to give up some of its benefits. But if you look at how US market have behaved, they have become unstable and adjusted a bit. So the Indian market is following suit.

I don’t see too many hiccups although 18,550 is your immediate support for a downtrend. If that breaks, a further correction of 100-150 points could be seen.

convenient bank is something that looks a bit tired and a bit of tweaking can be seen on the front end. So traders should keep a close eye on 42,900 as that is the immediate support at the moment. If 42,900 is broken, then perhaps traders could look for a short in the Banks Index and then could see a 400-500 point drop in the Nifty Bank. Overall, in terms of the market, I see a slight margin of pre-booked profit but nothing alarming at the moment.

If you had to take specific stocks, what’s your top recommendation?
So I had a buy and sell call because the market had become volatile and unstable. The direction is a bit indecisive at the moment so LTIM is something where your newly merged entity looks weaker on the chart so one can start selling at current levels. We have a target of Rs 4560, Rs 4550 on the downside with a stop loss at Rs 4750 on the upside.

The second stock recommendation is to buy from the FMCG space.

is something that stands out at the moment. So, it is possible to buy at current levels with a target of Rs 2780 on the upside with a stop loss at Rs 2630 on the downside.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by experts are their own. These do not represent the views of The Economic Times. )


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