Arihant Capital Markets expert Mileen Vasudeo predicts that the Nifty will hit a target of around 18,800, and could go beyond that to 19,000. She also expects Bank Nifty to approach levels of 43,700 to 44,200. While IT showed a rebound on Friday, Vasudeo notes that it is currently in a downtrend and is unlikely to outperform the benchmark indices. Vasudeo recommends buying FMCG stock Britannia with a target price of 4800 to 5000, and also DLF with a higher target side of 474 to 500 levels.
Read More