Buy Tata Motors, Axis Bank, Asian Paints: Sumeet Bagadia

The Nifty50 will face psychological resistance around 9,000 levels, beyond which chances of the index re-testing lifetime high of 9,100-9,120 are quite high, says Sumeet Bagadia, associate director at Choice Broking. Investors should be cautious as markets are overbought and a sharp selloff cannot be ruled out, he added.

Stock Talk

Buy Tata Motors: The stock can test February highs of Rs 605. If it sustains above Rs 605, it can go up to levels of Rs 650-660. Buy Tata Motors on dips with stop loss at Rs 560.

Buy Axis Bank on dips around Rs 620 for target of Rs 680-700.

Buy ICICI Bank: The stock can go up to Rs 280-300 very soon, buy with stop loss at Rs 265.

Buy Asian Paints on correction of 1-2 per cent for target of Rs 1,250-1,300.

Buy Maruti Suzuki: The stock is looking good on charts and it can stage a decent up move. Buy at current market price or on dips for immediate target of Rs 5,500-5,800.