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Investors can look to accumulate quality IT names ahead of earnings: Osho Krishan, Anand Rathi

Nifty has been trading volatile, but even now Nifty is in a buy on dips category. 17,800 is the first hurdle and then 18,000 is next resistance zone

Benchmark stock indices mirrored trends in Asian peers and opened with strong gains on Thursday. The Sensex inched closer to 60,000 and the Nifty was up by 1%. Titan shares surged higher by over 8%. In the broader markets, the BSE MidCap and SmallCap indices rallied over 1% each as well. Osho Krishan of Anand Rathi spoke to Money9 on how to approach the current markets.
"Nifty has been trading volatile, but even now Nifty is in a buy on dips category. 17,800 is the first hurdle and then 18,000 is the next resistance zone. One Bank Nifty gives a break out above 38,000 levels, we can see bullish move further on the index", he said.
Ahead of the earnings season, Krishan believes, IT sector is likely to outperform but one cannot rule out volatile moves, but any dips should be used to accumulate quality IT names.

Stock Recommendations

BUY INFO EDGE | CMP: 6560 | SL: 6280 | TGT: 6980
BUY TATA COFFEE | CMP: 212 | SL: 200 | TGT: 230 BUY TATA CONSUM | CMP: 820 | SL: 790 | TGT: 870


Benchmark stock indices mirrored trends in Asian peers and opened with strong gains on Thursday. The Sensex inched closer to 60,000 and the Nifty was up by 1%. Titan shares surged higher by over 8%. In the broader markets, the BSE MidCap and SmallCap indices rallied over 1% each as well. Osho Krishan of Anand Rathi spoke to Money9 on how to approach the current markets.
“Nifty has been trading volatile, but even now Nifty is in a buy on dips category. 17,800 is the first hurdle and then 18,000 is the next resistance zone. One Bank Nifty gives a break out above 38,000 levels, we can see bullish move further on the index”, he said.
Ahead of the earnings season, Krishan believes, IT sector is likely to outperform but one cannot rule out volatile moves, but any dips should be used to accumulate quality IT names.

Stock Recommendations

BUY INFO EDGE | CMP: 6560 | SL: 6280 | TGT: 6980

BUY TATA COFFEE | CMP: 212 | SL: 200 | TGT: 230

BUY TATA CONSUM | CMP: 820 | SL: 790 | TGT: 870

Published: October 7, 2021, 10:46 IST

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