2 top stock recommendations from Foram M Chheda

economictimes.indiatimes.com:

«So, on an intraday basis, we may see a lower level; however, it is very important for us to close above 19,600 to witness a bit of a bullish momentum or even a sideward range,» says Foram M Chheda.

Firstly, the index that saw a decent rebound on the Friday session after scaring everybody on the expiry day, that is Thursday, but for the upcoming week how are you placing yourself on to the benchmark indices for Nifty as well as Bank Nifty, the rebound is expected to continue going ahead as well?
To begin with, we have just closed marginally up above 19,600 level. It is basically a benchmark that we were eyeing at as well as it is a psychological mark as well. So, it is just closed there. So, it is more like a very consolidated move. Lately, we have seen a lot of volatility overall in the index itself, that maybe in the first half we may see a bit of a rebound but in the second half we see a bit of a sell-off or a profit booking coming in.So, what I expect in the truncated week also, that is the next week, it is going to be more of a consolidated move and at the same time with a very cautious approach, one should be maintaining very strict tight stop losses.

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As far as the levels are concerned, now the yesterday’s low, that is closer to around 19,500, becomes a support on an intraday basis; however, from a weekly perspective around 19,600 yet continues to remain a very important level on a closing basis.

On an intraday basis, we may see a lower level; however, it is very