Sahil Kapoor, chief technical analyst at Edelweiss Securities, expects Nifty to touch 9,000 levels by September. He recommended buying Nifty call options as premiums are relatively low.
Buy ICICI Bank: The recent correction is a good opportunity to enter into the stock as it has already established a bullish trend. Buy the stock around Rs 245 for a target of Rs 275-Rs 285 over next two months.
Buy Larsen & Toubro: Correction in the stock will continue for some more time. Buy the stock if it falls to Rs 1,460. The stock can touch Rs 1,650-Rs 1,700 on the upside. Overall trend in the stock is positive.
Buy Havells India: The stock will continue to outperform the market. I feel another 7-8 per cent upside is left in the stock.
Buy Crompton Greaves Consumer Electricals: We are bullish on the stock, we have a target of Rs 190 on the stock, which we think will be achieved.
Buy Tata Steel: The stock can touch Rs 390 level on the upside. Buy it with a stop loss of Rs 355-Rs 340. Vedanta and Hindalco look overbought on charts, so avoid them.
Sell HCL Tech: The overall trend in the stock is negative. Sell the stock if it closes below Rs 760-770 level.