2 top stock recommendations from Aditya Arora
«I think institutions have been selling the stocks since a while. Like if you see in cash market, there are sellers and derivatives also,» says Aditya Arora, Adlytick.
Is it just a matter of time that we fall below that level or will it not be as easy as bears are thinking to pull the market towards 18900 or there about?
I think institutions have been selling the stocks since a while. Like if you see in cash market, there are sellers and derivatives also.
There have been sellers since last five to 10 days so that is creating pressure. But overall, if you look at the global picture right now, then all the bad news is out of the window right now. And although Fed says that it would be hawkish, but market did not pay a lot of attention to that because they know that if they raise interest rates more from here, then the economy could fall in recession.
Hence, they have to stop somewhere and pause the rates, rate hiking cycle and somewhere also cut the rates because China is already cutting rates right now.
So that could again create liquidity for the market that could again push the markets higher.
So domestically, institutions are creating downward pressure and macros are creating upward pressure. So probably 19250-19200 is the friction zone and technically 18800 to 19250 is the buy range for the market. So until we get a clear signal over there, it is going to be a stock specific market.
And I think a lot of opportunities are even though market falls, a lot of stocks are going to rise 10 to 20% and a lot of steam is left in midcaps and small caps.
The buying zone will emerge at lower levels and that is what we are seeing in the markets as well. But let us get stock specific. What are your top recommendations right now?
So I
