Stock specific, Ck Narayan of Growth Avenues would look for stocks that are backed by news momentum like JSW Energy, TVS Motor, Motherson Sumi and would trade long in them.
Ck Narayan of Growth Avenues expects Nifty to be range bound and a bit volatile. In a broader sense although the upward bias for the Nifty continues, in the short-term with no big news in sight, it is likely to be weak, he adds.
According to him the cues for the market in general are quite mixed; local cues being slightly positive with some positive steps seen on the policy front but globally cues are not so positive especially with oil softening again and dollar strengthening.
Stock specific, he would look for stocks that are backed by news momentum like JSW Energy , TVS Motor , Motherson Sumi and would trade long in them.
On the short side, metal stocks could soften a bit believes Narayan because the news was short of expectation.
More to come
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See range bound Nifty; like TVS, JSW Engery: CK Narayan
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