Web Special: Stocks to buy in this lacklustre market

Check out the trading strategies for key frontline and mid-cap stocks with Kunal Bothra, technical analyst, LKP Securities.


Smartinvestor : The markets are trading lacklustre yet again tracking their global peers. how long do you think we will remain in such a tight range? What are the key Nifty levels that you are keeping a tab on?

Kunal Bothra : Yes, the markets are extremely sideways, and the band of 5630 -5740 will be the key levels for the next few days.

Kunal Bothra : A decisive break from either of the levels, could determine the next leg of trend for the key indices.

Smartinvestor : What are your top three BUY ideas among the large-caps based on the technical chart patterns?

Kunal Bothra : Asian Paints, comes across as an interesting technical pick. Its broken out of a good 2 month consolidation, and with volumes backing this breakout, we believe that this stock can head till levels of 4100 in the next couple of weeks. Stop loss should be maintained at 3880 for this trade.


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