What mid-cap stocks to buy?

Is the weak trend in Nifty likely to persist and at what levels would investors be comfortable at, tells Independent technical analyst Mohit Gaba

 Key benchmark index NSE Nifty closed below 6050 support levels which indicates a bearish trend, suggest technical analysts. Is this weak trend likely to persist and at what levels would investors be comfortable at tells Independent technical analyst Mohit Gaba. Also, broader markets have been outperforming the benchmarks, should you buy? Mohit Gaba picks top stocks from the mid-cap space for short-term gains.

Nifty has once again bounced back after breaking below 6050 support level. Will it sustain at this level? Your view on Sensex too
The Nifty is moving higher in a sluggish manner, as long as it trades below 6100 we should assume that this is a reactive up move and we could see further down side.

Technically what heavyweights would you recommend, given valuations turned cheap after recent correction?

INFY could be bought with a stop loss at 3540, Sun pharma with a stop loss at 585, TCS with a stop loss at 2140,Maruti with a stop loss at 1610

How is Tata Power placed technically? The company is expected to announce its Q3 results later in the day
Tata power had made a double bottom around 70, one could take light long positions with a stop loss around 74 for target of 80 and then maybe even 85

Broader markets have steadily outperform ed benchmarks in the past few sessions. What are your top picks there?

 

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