Synopsis We tested that level on Friday but saw a good recovery on intraday basis. The market should go into a bit of a short-term grind and short-term consolidation. But if supports hold on, then there could be a chance that you might see a push back to new highs yet again for the indices, says Kunal Bothra , independent market expert in an interaction with ET NOW. Edited excerpts: ET Now: What do you make of the market movements and what levels should we brace ourselves for? Kunal Bothra: I believe that the index is broadly consolidating. Post three weeks of a strong rally the indices are going through a bit of grind. A lot of signals have been mixed in the last week. On one hand, you saw a recovery in the US markets , especially Dow in the second half of the previous week. But our markets went through a phase of correction. Look at the internals of the markets, Nifty IT index is showing signs of strength, but predominately stronger ones like cement, etc, are the stocks which saw a correction in the second half of the week. So the signals are getting a bit mixed… Read full this story
- Buy Asian Paints, price target Rs 1860: Kunal Bothra
- Sell Tata Power, price target Rs 57: Kunal Bothra
- Buy Asian Paints, price target Rs 1880: Kunal Bothra
- Buy Exide Industries, price target Rs 192: Kunal Bothra
- Buy Bajaj Auto, price target Rs 3,250: Kunal Bothra
- Buy India Cements, price target Rs 96: Kunal Bothra
- Buy Godfrey Phillips, price target Rs 1,440: Kunal Bothra
- Buy Bharat Electronics, price target Rs 115: Kunal Bothra
- Buy Bajaj Auto, price target Rs 3,200: Kunal Bothra
- Buy Triveni Engineering, price target Rs 84: Kunal Bothra
Two stock ideas from Kunal Bothra for next week have 273 words, post on economictimes.indiatimes.com at June 8, 2019. This is cached page on Drudgereport. If you want remove this page, please contact us.