Next week is going to be extremely volatile and the two sturdy stocks to look out for are SBI and HDFC BankNSE 1.00 %, says Kunal Bothra, Independent Market Analyst, in an interview with ETNOW.
Edited excerpts:
On Interglobe Aviation or IndiGo.
The stock needed some breather. It was trading on a very strong footing. There was hardly any correction in the stock price in the last four to five months. The stock gained significantly on the back of the news flow from Jet AirwaysNSE 2.21 %.
Longer term, the patterns are quite strong for IndiGo but with this short-term impact, the stock may remain in the midst of a downward drift and a consolidation mode over the next couple of weeks.
Tata Global Beverages looks extremely attractive after this weekly move. The stock has gained 18%, but do you buy it at 18% high? Look at the similar kind of volume take on the weekly charts for Tata Global. Almost two years or three years back, at somewhere around Rs 1016-1017, the stock had given such kind of similar price breakout on the weekly charts in a similar price up move.
The stock was almost at 200 levels there itself and over the next one year it climbed up significantly hi ..
Edited excerpts:
On Interglobe Aviation or IndiGo.
The stock needed some breather. It was trading on a very strong footing. There was hardly any correction in the stock price in the last four to five months. The stock gained significantly on the back of the news flow from Jet AirwaysNSE 2.21 %.
Longer term, the patterns are quite strong for IndiGo but with this short-term impact, the stock may remain in the midst of a downward drift and a consolidation mode over the next couple of weeks.
Tata Global Beverages looks extremely attractive after this weekly move. The stock has gained 18%, but do you buy it at 18% high? Look at the similar kind of volume take on the weekly charts for Tata Global. Almost two years or three years back, at somewhere around Rs 1016-1017, the stock had given such kind of similar price breakout on the weekly charts in a similar price up move.
The stock was almost at 200 levels there itself and over the next one year it climbed up significantly hi ..
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