Experts list positive stocks and sectors for this week. They are positive on stocks like Maruti, Reliance, Tata Steel, Reliance Capital, Infosys.
Metals can be a risky sector, they say.
Sumeet Rohra, Antique Stock Broking: One can also start bottom fishing in midcaps.
Auto sector as a short-term investment looks very good. Maruti is the best buy in the market today. I'd like to look at Reliance as it's getting strong support at around Rs 925 levels. Other top line picks will be Tata Steel, Reliance Capital, and Infosys. However, one should be very careful in the metals sector.
Even ACC at Rs 740-745 is a very good buy. Now is a good time to invest from the medium to long-term view. One can also start bottom fishing in midcaps, as the sector has fallen mercilessly during the mid-May carnage. Many of good midcap stories have fallen about 20-25%, which makes them good picks to bank on.
Investors should sell a bit at higher levels and buy at lower levels
Investors should sell a bit at higher levels and buy at lower levels. Clearly with a trading view, one can book some profits in the 10,900-11,000-range take some profits off the table. In times of panic that we saw in recent times one should buy with a long-term view. Markets will not go below 9,800 and if it does then one will have to take a fresh.
Disclosure: I have positions in some of the stocks that I have discussed.
Rahul Mohindar, ViratechIndia: Metals and auto are risky sectors
We would term healthcare as a safe option. There is high-risk in metals and auto. One can look at Ashok Leyland with an 18-month time frame.
One can go short at Maruti, Tata Motors, and Tata Steel.
Maruti has got strong resistance at Rs 780 and long-term support at Rs 660. We would sell Tata Motors further on a break down of Rs 735 and resistance for the stock is 804. Tata Steel has clear resistance at Rs 519.
Disclosure: No positions in any of the stocks that I have discussed.
Sandeep Wagle, Angel Stock Broking: Stocks like Mahindra, Reliance Industries, and Hindustan Lever look good
One should look out for all the front liners. Major Sensex stocks have made a good pattern. Stocks like Mahindra, Reliance Industries, and Hindustan Lever are looking good.
Don't take a trading view because it is a difficult time
Don't take a trading view because it is a difficult time. Buy good stocks and hold then. Don't buy at 3400 buy around near 3000.
Disclosure: I don't have positions in the stocks that I have talked off
Deepak Chhabria of IL&FS Investmart: Value in IT and textile sector in medium-term
I would like to continue with the export sector in India whether it is IT sector or the textile industry. Those sectors continue to show values. The oil sector, in particular, has been the beaten down right through the rise and even more during the fall.
Now it is throwing up great value because we have all presumed that nothing has happened to these companies. These companies will have to unwind the net worth. There is value over the medium-term in these two sectors. I would add money to them.
Nilesh Shah of Kotak AMC: Upside still there in ferrous metals
On the non-ferrous side we are probably still a little stretched because there has been a rally here, but on the ferrous side we are probably getting into an environment where the outlook for steel is getting a little stronger.
The ability of steel companies to raise prices is returning and we have also seen fair amount of underperfromace relative to other commodity pack as far as ferrous metals go. For us the upside is still there on the ferrous metals and one might see this segment being a strong outperformer.