Heavyweight shares are not expected to suffer too much in future. The market will keep eye on quarterly results. In upcoming sessions, Nifty expected to remain in the range of 8000-8300. Once it is suppressed to 8000 level, again we can expect the pre-budget rally in the market.
We can see the gain in Pharma, infra and NBFC shares. From this perspective, SREI Infrastructure Finance Limited is looking good. Government’s thrust in the infra sector is increasing. Buy SREI Infrastructure for 6-12 month, it will touch 100-125 level.
Further, the economy will get good growth, so Commercial vehicle segment will boost. In this case, Cholamandalam finance will gain. Buy this share for 6-12 month, it will touch 1200 level.
Option Tips Today:
Tata Steel stock Option Call Strike price 420 Expiry 29 Dec 2016 Sell below 2.20 Targets: 2.20 2.19, 2.18 Stop loss: 2.20.