Web Exclusive: Is it a good time to buy UB Group stocks?

UB Holdings surges 40% in three days

United Breweries, Kingfisher Airlines and United Spirits have seen a decent run-up at the bourses. Check out the trading strategies with Mudit Goyal, technical analyst, SMC Global Securities.


Smartinvestor : The markets have started on a quiet note ahead of the F&O expiry today. How do you see the Nifty panning out in the next series? Is it a good time to book partial profit?

Mudit Goyal : After sharp rally over 400 points, Nifty is moving sideways in the stiff range of 50-60 points which is healthy sign for further upside. Range bound and volatile session can continue for coming days but the bias may remains positive so “Every dip should be consider as buying opportunity for the near term target of 5800”. If there is a follow through of September series gains then this is the right time for making long positions.

Smartinvestor : Can you suggest a few stocks from the Nifty pack that can be bought on a decline?

Mudit Goyal : AMBUJA CEM for 230, TATA MOTORS for 300, HERO MOTORS for 2150, LT for 1700, HDFC BANK for 680, COAL INDIA for 400 and MARUTI near term target is 1400, once we get closing above the same then 1500 can be consider as next hurdle for the stock.

Smartinvestor : Most UB Group stocks have seen a healthy run up since the past few sessions. How do United Breweries, Kingfisher Airlines and United Spirits look on the technical charts?



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