Experts give hot picks for next week

New Delhi: Experts advise investors to remain stock-specific with markets at these levels.

According to them, midcaps that have been neglected till now will see a sharp bounce and they will again start finding place in the portfolio of investors.

Amongst the front liners, the main drivers are Reliance, Infosys, iFlex, Grasim and many more.

Sumeet Rohra, Antique Stock Broking: Major drivers in this rally would be Reliance

Major drivers in this rally would be Reliance. The stock has given a good closing above Rs 1007, which happens to be its last intermediate top. Now above Rs 1015, Reliance could go all the way up to Rs 1097. Reliance would be my top pick.

Hero Honda is other stock that comes to mind. Infosys has closed at its lifetime high today. This is yet another stock that will outperform the broader market going ahead. One can also look at Grasim in the front line picks.

In the IT space we like iFlex as well. It is likely to bag a very big contract from Bank of America. The stock may possibly see a good spurt next week. Of course, media stocks remain our favorites. Midcaps will continue to move up as they were hammered severely and some value buying is likely to emerge in select midcap stocks.

If the Nifty spot crosses 3278 then one can go long on Nifty with a stop loss at 3210

Strategy: If the Nifty spot crosses 3278 then one can go long on Nifty with a stop loss at 3210. The target for this strategy would be 3382. Once this level is crossed one could see 3493. If it sustains above 3278 one could go long on Nifty with a stop loss of two percent for 3382 and ultimately for the next week target for 3493.

Disclosure: I hold position in Reliance and am long on media stocks.

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Deven Choksey, KR Choksey: Remain stock-specific in these kind of with markets

One will have to remain stock-specific with markets at these levels. We have been maintaining this and we continue to hold the view that quality midcaps will start moving up. They were being neglected till now but the bounce will be sharper now. They will again start finding place in the portfolio of investors.

Large caps like Reliance, DRL to see action

Among the large cap we see action happening in Reliance, Dr Reddy’s, Infosys and there would be action in ITC-type FMCG counters.

Among the midcaps we see quality in stocks like Infotech Transformers, EMCO, IDBI at current levels and expect a lot of interest in these at current levels. These stocks are in midst of action and more is expected going ahead.

If there is a correction or selloff at higher levels then long-term investors should continue to buy quality stocks. At this point in time the immediate protection (support) lies at 10900. Resistance on the higher side is at 11300.

Disclosure: We have investment positions in all the stocks I’ve talked about.

Rahul Mohindar, Technical analyst: Look at tech and banking stocks in midcaps

In the midcap space we are basically looking at technology and banking. One can buy Syndicate Bank with a stoploss at Rs 65.

In terms of secto-specific action we like stocks from the It and cement sectors. Stocks-specific we like ACC with a target of Rs 910. In the IT space we like Visualsoft for a long term, we like Polaris for a target of Rs 120.

Disclosure: I don’t hold positions in any of the stocks discussed above.