2 top stock recommendations from Mileen Vasudeo

economictimes.indiatimes.com:

«See, earlier if you would have seen that we were stuck in a range of 19,300 to 19,500 for nearly seven trading sessions and from there we had a breakout and then we made a high of somewhere around 19,991 level,» says Mileen Vasudeo, Arihant Capital.Because this week we have seen the Nifty breach that 19,600 mark, do you also believe that there is more room for further fall and how do you see the trend shaping up because we are just sitting at the start of the August series? See, earlier if you would have seen that we were stuck in a range of 19,300 to 19,500 for nearly seven trading sessions and from there we had a breakout and then we made a high of somewhere around 19,991 level. Now we are consolidating the previous gains.

At present, yes, Nifty has got good support at somewhere around say 19,600, 19,550 levels. Now the level of 19,500 which was earlier acting as a resistance is now going to act as a support.

It is likely to act as a support. So, going forward, 19,500 level is a make or break level.

If Nifty holds that level again, then we are likely to head higher. But yes, I agree that we are likely to see a time-wise correction or a price or a minor corrective move on the lower side but the trend remains up and at lower levels we are likely to find some buying emerging.

So, one should trade with positive bias only and stock specific activity mainly in midcap and small cap is likely to continue.Nifty Pharma is seen to be hitting that 15,000 mark for the fifth straight week where we have seen this index moving upwards. So, what are the next level that you are watching out for as well as any stock pick from this particular space that is on your radar?At present if you see the pharma sector, for the last nearly seven