Should the market move from 5,300 levels then we can look at some immediate upsides of about 400 Nifty points. Regan F Homavazir Analyst Darashaw The Indian market has been rangebound over the last couple of sessions. In an interview to CNBC-TV18, Regan F Homavazir, associate VP-technical research, Darashaw says, he sees the Nifty in 5,000-5,300 range. "Should the market move from 5,300 levels then we can look at some immediate upsides of about 400 Nifty points," he adds.
In the banking sector, he is bullish on HDFC Bank , Kotak Mahindra Bank and ICICI Bank . "HDFC Bank continues to be our top pick in the banking space," he adds.
In the FMCG space, he likes Godrej Consumer Products . "Godrej Consumer is a very bullish stock. It could be bought even at the current market price," he asserts. According to him, Hindustan Zinc and Jindal Steel (JSPL) look very attractive at current price point. He is also bullish on Zee Entertainment . "The stock could be embarking on very long-term upmoves. We believe that the target of Rs 300 and in excess of that is possible," he adds.
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