2 top stock recommendations from Rahul Sharma

economictimes.indiatimes.com:

«As far as the banking index is concerned that index is already at the support area of 45000 so on the closing basis something which we should look at because the kind of volatility that we have seen in the last few days it has been quite fast,» says Rahul Sharma, JM Financial Services.

Just wanted to begin by discussing the market texture with you because after that 20200 level we have suddenly slipped down all the way to 19750, what do you make of this, is it just the weekly options expiry move or this was the consolidation that the markets needed?
There are two sides to every market move, so the good side is the correction is happening fast. The bad side is the correction is pretty steep in terms of number of points but that is something that we can expect considering the way we moved from 19200 odd to 20200.
Now the crux of the whole situation is the entire bullish setup should remain intact as long as we do not breach 19600 on a closing basis. So like you said it could be an expiry related over reaction on the downside but my sense is we should be looking at cherry-picking some of the stocks and sectors which standout in spite of the broader market fall.

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So Nifty may be another 100 points on the downside we should see some support coming in at 19600.

And as far as the banking index is concerned that index is already at the support area of 45000 so on the closing basis something which we should look at because the kind of volatility that we have seen in the last few days