“So if we only see the most important indices, not much happens on the handy or banknifty front. We are acting a bit slow, but the undertone is very strong and we expect Nifty to go to the 25,000 levels gradually and are on the disadvantage that prices are above the most important soil. As I said, we will probably go to 25,000,” Bhosale said.
He added that the real action is in the MidCap segment, which is already performing better. “The real momentum in important indices will activate as soon as Nifty crosses 25,000. Having said that, when we see a midcap space, that is 1% and real action is there and one should concentrate on those fronts,” he noticed.
Trade ideas: Tata Motors and Havells in Focus
Bhosale emphasized cars as a key bag to view, with Tata Motors and Havells that stand up as strong trade options. “So when we see the car, car packages are doing very well and we expect that these performance will continue with a counter that did not go well. Seen on October 24. So now we see a price and volume burglary and these shares will probably become a member of his colleagues, so with a stop loss of 697 Tata Motors can be bought, what we expect in the short term.”
On Havells he sees a similar bullish pattern. “My second Buy -Call is on Havells, a similar type of structure is seen on Havells where a cup and hand pattern is seen and the prices above its 200 dma are traded, a strong volume -based volume volume takes place in Havells, so havells can be bought with a stop loss of 1565, the target.
With midcaps that show strength and selective counters that break important levels, the wider market for gradual profits seems to be keeping an eye on Nifty’s Mars to 25,000.
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