Mileen Vasudeo’ 2 stock recommendations in this market

economictimes.indiatimes.com:

Mileen Vasudeo, Senior Technical Research Analyst, Arihant Capital Markets, says “one recommendation is from the pharma pack itself. It is a buy on AstraZeneca, which is currently trading at Rs 1,570; strong consolidation breakout with huge volumes. Now if you keep a stop loss of Rs 1,450, on the higher side, we expect the stock to test Rs 1,810-1.920 levels. The second stock is Craftman Limited, currently trading at somewhere around Rs 5,480 or 5,490. Keep a stop loss of Rs 5,350 on the higher side as it can test the levels of Rs 5,790 and 6,000 in a couple of weeks’ time.”

How does the trade look like on the Nifty and Bank Nifty after flushing out a lot of stop losses day before, people coming back yesterday?
Mileen Vasudeo: The day before yesterday, we had a good fall in Nifty which flushed out many people over here. But then again if you see there was a strong support at lower levels and again we have bounced back. So our view is that unless and until the index that is Nifty does not breach 20,850 which was last week’s low, there is a fair chance Nifty is likely to head higher to test the levels of 21,500 to 21,800 levels.

Unlock Leadership Excellence with a Range of CXO Courses

So we are bullish on Nifty and we have a stop loss of 20,850 in the Nifty. Bank Nifty yesterday saw a good recovery and now we could see some buying back coming in Bank Nifty in the latter half of the session so one has to trade with positive bias both in Nifty as well as Bank Nifty.

Let us talk about select stocks. Piramal twins are surging very