Two stock recommendations by Mileen Vasudeo

economictimes.indiatimes.com:

Nifty PSU which is currently trading at 4555 levels. Now even in this week it has given a good close and it is showing a sign of resilience. At present, this index has got a resistance at 4621 level, once that level has been crossed again we could see some kind of momentum going forward, says Mileen Vasudeo, Arihant Capital Markets.Edited excerpts:This week was all about consolidation, extremely sideways move at the index level stuck in an extremely narrow band. Is this likely to be the case in the coming truncated week as well? Last time I had told you about the Nifty that prior resistance was at 19300 to 19500.

We broke that on July 14 and we went up to 19991. From there we are seeing a correction. Now again we have come to that clear zone of 19300 and 19500.

So according to me 19300 remains a make or break level. If that level has been broken then, yes could see some more drift in the market. And you could head to test the 50-day moving average line that is at 19240 or 19200 levels.

Similarly with Bank Nifty, it is now showing signs of weakness. Now this week Bank Nifty has nearly closed below the 50-day SMA which is a sign of weakness and the 50-day SMA is at 44821. This week's low is at 44392.

If this low is being broken, that is the weekly low is being broken, then you could slip down towards say 44000 and even 43980 levels in Bank Nifty. So at present we are on a weak ground and we are seeing a slight distribution at current levels.How do you see the PSU banking space because though we have seen Nifty Bank breaking its previous week low as well and now trading way below its 20-day moving average, the PSU Banking Index was seen to be rebounding on Friday's session. Do you believe that it will give some shorting