2 top stock recommendations from Aditya Agarwala

economictimes.indiatimes.com:

«I would not be surprised, if we inch closer to 19200, which clearly is the major support area on the Nifty and on the Bank Nifty, 44,500 is the major support area because these were the areas from where both the indices were not able to break out,» says Aditya Agarwala, Invest4edu.Talk to us about the readings on the chart. 19200 is being touted as a very strong support zone. Are we heading to that level?I believe so.

And as you rightly pointed out, there were indications that markets are due for a big correction, if we can call it. So, yesterday was an aberration, if I call it, maybe because of the expiry date both the Nifty and the Bank Nifty saw a decent jump of about 90-100 points. But to be honest, the charts were indicating that we are in for a decent correction, both on the Nifty and the Bank Nifty and we are witnessing that today.

I would not be surprised, as you mentioned, if we inch closer to 19200, which clearly is the major support area on the Nifty and on the Bank Nifty, 44,500 is the major support area because these were the areas from where both the indices were not able to break out. And when they eventually broke out, we saw a decent rise in both the indices. So, in the event of a correction, yes, 19200 will be the immediate support for the Nifty.

And for the Bank Nifty, 44,500 will be the immediate support zone. For the day, traders should closely monitor 19350 because that is the immediate support. Now, if index starts to trade below 19350 on a sustained basis, then a fresh shorting opportunity definitely emerges on the Nifty index and can slide all the way down to 19200, which you just mentioned, with a strong resistance closer to about 19400 on the upside.I want to talk to you about the real estate