Vishal Malkan on what to buy in consumer durable stocks now
economictimes.indiatimes.comVishal Malkan, malkansview.com, says consumer durable and metal stocks are the flavours of the month and we are also looking at REC and PFC – the darlings of 2023 – that have started performing again.
How does the trade setup look like, Nifty, Bank Nifty to start with?
Vishal Malkan: The undertone of the market is very strong and we see that the Nifty is nearing the highs and Bank Nifty is trading above the all-time highs. I think the zone is set for bullish. Now, we just have to select the right stock and the right sector, I guess, which can add up to our returns. The current flavours of the month are more consumer durables and we are also looking at REC and PFC – the darlings of 2023 –that have started performing again.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitWhen the undertone of the market continues to remain strong, what are the areas of strength you would like to latch on to?
Vishal Malkan: Consumer durables is the first one and the metal will be the second one, which are my top sectors for the next few trading sessions or maybe next few weeks. I will go with Havells as one of the stocks, Voltas, Bosch, all the sectors, Crompton Greaves, Bata are at some great levels and have great patterns on the charts that can be good buys for the next few trading sessions.
In real estate counters, Godrej
