Diwali 2020 Picks: Infosys, ICICI Bank, Britannia to Cipla are stocks to buy, says Kotak Securities
Benchmark Nifty has rebounded sharply after hitting the levels of 7510 in the month of March 2020. The index is in the third leg of a major corrective pattern. It is correcting after hitting the crucial and psychological mark of 12000. Until the market is above the level of 10800 (previous significant bottom), Nifty would keep rallying. Below 10800 levels Nifty would lose its momentum and may even fall to 10300 levels. On the decisive crossing of 12400 levels would lift the Nifty to 13300 levels.
Five companies picked by Kotak securities are from five different sectors which ensures that portfolio of investors are not concentrated on one specific sector and are equally diversified: Reuters