3 top stock recommendations from Aditya Arora

economictimes.indiatimes.com:

Aditya Arora, Adlytick says that “on the Nifty, we are approaching very important support levels. The zone of 19,000 to 19,300 is an important support for the market. This correction actually is because FIIs and institutions were heavy sellers since the last 10 days or so.

Also, we have important FOMC minutes releasing on Wednesday night. But 19,000 to 19,300 is an important zone where I would be a buyer. The stocks which I am looking at right now are a little bit in the defensive space and some stocks are consumer facing stocks.”What about Nifty, Bank Nifty? What stocks are you trading in? There has been a sharp recovery since the morning lows?On index we are soon approaching very important support levels.

The zone of 19,000 to 19,300 is an important support for the market. This correction actually is because FIIs and institutions were heavy sellers since the last 10 days or so. Hence, we saw this fall and we have important FOMC minutes releasing on Wednesday night.

So that is the reason for volatility in the market. But 19,000 to 19,300 is an important zone where I would be a buyer. The stocks which I am looking at right now are a little bit in the defensive space and some stocks are consumer facing stocks.

So, the first pick would be Auro Pharma which could be bought at Rs 884; Rs 830 should be the stop loss and Rs 950-1,000 should be the target. The second stock is Blue Dart, which is actually recovering from important support levels. It had fallen quite a bit recently.

Now this could be bought at Rs 6,361; Rs 6,070 should be the stop loss and Rs 6,800-7,200 should be the target. The third one, from the banking and NBFC sector, is CSB Bank which could be bought at Rs 302. Rs 285 should be the stop loss and Rs 330-360