Buy Nykaa at current price; 2 top picks for the day: Aditya Arora
economictimes.indiatimes.comAditya Arora, Adlytick, says he would like to go with Reliance. It is doing well after a long time. So, Reliance could be bought at Rs 2970. Rs 2900 is the stop loss and Rs 3070 is the target. The second one is Cipla from the pharma space. This could be bought at Rs 1471, Rs 1430 is the stop loss and Rs 1540 is the target.
Today, Nifty seems to have comfortably crossed the 22,500 mark that it has been holding on for quite a long time. Do you expect this up move or Nifty to now comfortably stay above the 22,500 levels?
Aditya Arora: The participation is good from the Reliance end, but auto is also doing well. However, other heavyweights are not participating. I would calculate the decisive breakout would come above 22,800 in Nifty futures and decisive breakout in Bank Nifty would come above 49,200. I would be bullish once these levels are crossed and sustained.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitOtherwise, these levels could act as resistance for intraday if we talk about today. A little bit of steam is lost in certain counters. So, at this point, probably the market is like a book at higher levels but if we keep a view of let us say one to two months. I think still the trend is bullish.
How do you look at the Nifty realty space after being one of the top gainers for FY24 and even for 2023? Even for
