Stocks to buy: Kunal Bothra shortlists 3 sectors that can push Nifty above 17,500 next week

What matters for the markets, on the upside, whether in the traditional sectors or the three key sectors of automotive, consumer packaged goods and banking, said market expert Kunal Bothra in an interview with ET Now. Edited excerpts



National indices have been on a hot run so far, but is this momentum likely to continue or will there be consolidation in sight now?

This dynamic should continue for the indices. It was a good two weeks for the markets where momentum became quite strong for indices as well as individual stocks and sectors. There’s been a classic rolling that’s happened over the last three to four weeks of markets that started with automotive, consumer staples, and now you see sectors like metals and IT in top of the rankings.

It’s always an encouraging sign that you see a sector turning in some sort of uptrend on the indices. What matters to the markets, on the upside, whether it’s the traditional sectors or the three key sectors of automotive, consumer packaged goods and banking – I think if those three sectors manage to climb from where they closed last week, so there is a much higher chance that the Nifty could move up to levels of 17,500 and even beyond. The burden now for the markets to climb higher would depend heavily on these three key sectors.

You talked about the key sectors that will be in the spotlight, but what about individual stocks?

A few names that I will suggest as a buy Coal India, which I would suggest as a buy. I think it’s a very interesting painting. The title gave a classic break. what does it remind me of

was when the stock rose above around Rs 200 after several months of consolidations. I’m expecting something similar also for short term targets Rs 225, stop loss Rs 200. is also the other name which I think has also appeared on several of my trading lists so this is also a buy would suggest a target of Rs 1,080 on the short term stop loss Rs 1,020.

Is there more steam left when it comes to the Bajaj twins, , , Star Health?

Yeah, I think there’s more steam left for a lot of these stocks, but then you have to choose when you enter those trades. You can’t just buy these stocks randomly because there are bound to be periods when these stocks can enter a few days of consolidation. , Can Fin Homes, and Star Health have opened some good perks for themselves – the only issue here is when you enter. It is best to wait for these odd phases between the day these stocks consolidate to enter a mild correction, perhaps a half to 1% correction on average.