New Delhi: Analysts believe that staying invested in frontline bluechips is the best bet for next week. They feel investors can buy stocks like Reliance, ONGC, Maruti, and HDFC Bank next week.
Vijay Bhambwani, Technical analyst
Reliance Industries, HDFC Bank and Tata Motors looks a good bet for next week
Reliance Industries looks a good bet for next week. Amongst banking stocks I'd prefer HDFC Bank and in the auto sector one can buy Tata Motors. Investors would do good to stick with long positions only in the frontline stocks rather go short the market.
Dipan Mehta, Member, NSE
We are very positive on technology, media, hotels and cement
As far as sectors are concerned we are very positive on technology stocks, media, hotels and cement.
Investors can now start building a solid portfolio
Investors can now start building a solid portfolio of fundamentally sound blue chip stocks and should get out of laggards and weak stocks.
Sumeet Rohra, Technical Analyst
Technology as a sector is likely to outperform next week
Technology as a sector is likely to outperform next week. One can go long on Infosys, Wipro and TCS.
Reliance, and ONGC can give good upside next week
Besides that, investors can also look at Reliance and ONGC. While ONGC has an upside of another 6-8% from the current level, Reliance can go up to Rs 1092. Both these stocks should start moving towards their target level from next week.
Maruti can perform in a big way
One stock that can perform in a big way can be Maruti; it has given a breakout closing above Rs 788 and is headed towards higher levels.
Midcaps will come into action at 11,000 levels
While Friday’s buying was largely confined to the index stocks, the midcap space should start participating once the Sensex touches 11000 levels. One could stay long on the Nifty with a stop loss of 3,080.
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