Hot picks and strategies for next week

New Delhi: As stock markets continue to sizzle, analysts give Moneycontrol their hot picks and trading strategies for the next week. These stock picks, though, they say are also good long-term bets.

Sachin Chavan, Technical analyst

SBI, HDFC Bank, PNB and ICICI Bank look good for next week

In the banking space SBI, HDFC Bank, PNB and ICICI Bank look good for next week as well as for the long-term. These stocks are likely to see sustainable upmoves next week.

A Bank of India, Bank of Baroda, Canara Bank and other PSU banks

In other banks like Bank of India, Bank of Baroda, Canara Bank and other PSU banks, the bounce may not sustain. One should a picking new positions in these counters.

In metals space aluminium stocks look good

In metals space aluminium stocks look good. Hindalco above Rs 150 is an excellent breakout. Above this Hindalco can easily touch Rs 170 levels in a month. Even in Nalco, the movement after Rs 190 till Rs 220 was pretty accelerated. Hindalco can also show such accelerated movement once Rs 150 is crossed.

Investors should use any bounce next week to exit steel stocks

Investors should use any bounce next week to exit steel stocks. Flat steel prices and even flatter demand from China does not augur well for the steel stocks.

Traders should keep a watch and sell overbought scrips

For next week traders should keep a watch and sell overbought scrips. They should trade in frontline stocks and a trading in small and mid caps. However, auto ancillary stocks in the small and mid cap sector are likely to do very well.

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Elgi Equipments, Motherson Sumi, and Sundaram Fasteners have formed bullish patterns

Elgi Equipments, Motherson Sumi, and Sundaram Fasteners have formed bullish patterns on the charts and investors can expect 15-20% returns from these stocks in 30-45 days.

Deven Choksey, K R Choksey

Cash market investors should opt for value-based investment approach

Cash market investors should opt for value-based investment approach. This approach will be rewarding to them even in the longer term. Such investment insulates investors from short-term wild swings.

Profit taking is going to be a reality on the higher side

Profit taking is going to be a reality on the higher side, which market participants must learn to live with. And it?s a good sign that profit taking is coming in after market scales new highs.

Sugar sector looks very interesting

Sugar sector looks very interesting. Four stocks in the sector are looking very good. Bajaj Hindustan, EID Parry, Dhampur Sugar and Balrampur Chini will be very good picks on declines as they have spurted nicely during the recent rally.

Investors can accumulate Punjab Tractors and Mahindra Ugine

On the long-term investments side investors can accumulate Punjab Tractors and Mahindra Ugine as interesting picks.

Dharmen Mehta, Indistock Securities

Crompton Greaves and Avaya Global Connect look very promising

Short-term investors/traders can trade for the short-term in quality midcaps. In this space Crompton Greaves and Avaya Global Connect look very promising. Short-term traders would do better for themselves by not going short in this bullish market.