Aditya Arora recommends buying Marico at Rs 607.80 with a stop loss at Rs 580 and a target of Rs 630 to 670. He also likes Godrej CP trading at Rs 1,325 with a stop loss at Rs 1,280 and a target of Rs 1,360-1,400. Aditya Arora discusses the positive outlook on Nifty FMCG.
stock picks: 2 top stock picks from Aditya Arora for near term indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Aditya Arora of Adlytick foresees Nifty correction post-election due to market overvaluation. He says a short-term spike is possible and suggests caution and waiting for trading opportunities. Arora says: "Whatever is the top for the market, from there we see a correction of 1,000 to 4,000 points." He further recommends a Britannia buy for potential outperformance in choppy market conditions.
The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
So, I think around May it is going to be very important time zone for the market, so I am playing tactically over here being bullish on the largecaps and being bearish on the smallcaps and midcaps.