
2 top stock recommendations from Aditya Arora
«So, the bias is positive and the breakout on the index will happen above 22,750 on Nifty on the upside and on the downside the texture could deteriorate only if we break 22,100,» says Aditya Arora, Adlytick.
Nifty has been sideways for the last five to six consecutive sessions. When are we going to really pick up a trend?
Aditya Arora: The market is consolidating with positive bias. Although market is consolidating in a tight range of 22,200 to 22,700, but a lot of midcaps and smallcaps are doing well. A lot of sectors are coming out of that beaten down space where every day it was a red day, but now we see green days.
For almost last five days, markets have built up a fighting spirit wherein a lot of sectors are doing well. Smallcaps and midcaps are also doing well.
So, the bias is positive and the breakout on the index will happen above 22,750 on Nifty on the upside and on the downside the texture could deteriorate only if we break 22,100.
Otherwise, I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it may give an illusion that nothing is happening, but beneath that, a lot of stocks and sectors are doing very well.
Live Events
So, then elaborate, which is the sector that you think from the beneath is actually performing well, which we are unable to actually identify, but the charts are actually giving you a clear buy signal right now.
Aditya Arora: Yes, clearly few sectors are doing very well. One is pharma sector, which we were just