Bet on these 3 stocks for double-digit returns: Mehul Kothari of Anand Rathi

Bet on these 3 stocks for double-digit returns: Mehul Kothari of Anand Rathi

“We are of the opinion that the larger picture is very bullish from here on. Thus investors should approach the buy on dips strategy. Short term traders can wait and watch for some time and again hop on to their long traders once there is a confirmation of a short term bottom,” said Mehul Kothari, AVP - Technical Research at Anand Rathi Shares and Stock Brokers.







Sunil Shankar Matkar









October 23, 2021 / 09:18 AM IST





Mehul Kothari, AVP - Technical Research at Anand Rathi Shares and Stock Brokers feels Nifty PSU Bank index has some more power left to move higher, whereas IT and Oil & Gas should be avoided for some time since they might undergo some consolidation after the recent run up.

"We expect a few banking names like Kotak Mahindra Bank, and Axis Bank to do well in the coming weeks. However, sector specific Metals could again be on the traders radar after recent corrective moves," he said in an interview to Moneycontrol's Sunil Shankar Matkar.

Do you think the Nifty can hit 19,000 mark by Diwali after current correction and consolidation?

Well with the way bulls are unleashed;