So, the bias is positive and the breakout on the index will happen above 22,750 on Nifty on the upside and on the downside the texture could deteriorate only if we break 22,100.
Otherwise, I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it may give an illusion that nothing is happening, but beneath that, a lot of stocks and sectors are doing very well.
So, then elaborate, which is the sector that you think from the beneath is actually performing well, which we are unable to actually identify, but the charts are actually giving you a clear buy signal right now.Aditya Arora: Yes, clearly few sectors are doing very well. One is pharma sector, which we were just chatting about a while back. And second one is banking is also doing well, NBFC sector is doing well, we are seeing a lot of stocks from that space is doing well. And the third one is metals. So, these three spaces are clear buy on dips candidates, sectors, wherein investors can look for accumulation opportunity or buying opportunity. Couple of sectors you mentioned there, you also mentioned pharma, which is looking very lucrative on the charts. But any picks from that pack, any counters and buy on dips for now?Aditya Arora: The first candidate which I have buy from the pharma pack is Dr Reddy’s, which is one of the largest player in pharma also doing well today after a long period of consolidation. So, Dr Reddy’s is buy at 1144, stop loss is 1090, and target is 1200. I also like chemical space. I have a candidate from chemical space, pharma space, Coromandel. This one is a buy at 1882, stop loss is 1780, and the target is 1982.
