On a Monday when Indian midcaps were under heavy selling pressure, two analyst groups offered a handful of stock calls, a small ritual of advice that rises each time markets tremble and people look for direction. Raja Venkatraman of NeoTrader urged caution on Voltas and Tata Communications while seeing a glimmer of revival in Kitex, and MarketSmith India leaned toward patience with Reliance Industries and Marico. Each call comes with its own boundaries of price, loss, and time, a reminder that such views are one person's reading of the tide and not a promise about where the water will go.
Analysts Flag Voltas, Tata Communications for Selling; Kitex, Reliance, Marico Seen as Buys
An avalanche of selling across the market, and Kitex held
Mark
Five stocks, two sources. What's the basic split?
Mimi
Venkatraman says sell Voltas and Tata Communications, and buy Kitex. MarketSmith India says buy Reliance and Marico.
Mark
What do the sell calls have in common?
Mimi
Both rest on technical breakdowns. Voltas broke below its value area, and Tata Communications fell sharply on Monday after a long consolidation, with a weakening RSI.
Luke
Worth noting these are chart-based readings, not earnings or business analysis. The source offers no fundamentals behind any call.
Mark
Kitex stands out, doesn't it?
Mimi
It held up while midcaps were being sold off, and moved above the cloud region on the intraday chart. The call is to buy at ₹715 with a target of ₹765.
Luke
Though the text also says trends in associated stocks have been declining, which cuts against the optimism. And the Voltas write-up contains a passage about buying from supports that contradicts its own sell call. I'd treat that as unresolved.
Mark
And the longer-term picks?
Mimi
Reliance has a one-to-two-month window, with a ₹1,400 goal. Marico has three to four months, with a goal of ₹800.
Luke
Those goals are one platform's estimates. Nothing here confirms they'll be reached, and the disclaimer says as much.
Il Polso
- Midcap stocks are taking a heavy beating on a Monday of broad selling, and every call is shaped by that turbulence.
- Raja Venkatraman wants investors to sell Voltas and Tata Communications into any rally, warning that broken trends and fading momentum leave little room to recover.
- Kitex stands apart as the lone buy, having held its ground while the wider market sold off, with hopes of a steady climb in the coming days.
- MarketSmith India's picks, Reliance Industries and Marico, are framed as longer bets over one to four months, with defined profit goals and stop-losses guarding the downside.
- Every target is a hypothesis rather than a certainty, and the analysts' views do not reflect Mint's own stance, so readers are urged to verify with certified advisers.
On a Monday when Indian midcaps were under heavy selling pressure, two analyst groups offered a handful of stock calls, a small ritual of advice that rises each time markets tremble and people look for direction. Raja Venkatraman of NeoTrader urged caution on Voltas and Tata Communications while seeing a glimmer of revival in Kitex, and MarketSmith India leaned toward patience with Reliance Industries and Marico. Each call comes with its own boundaries of price, loss, and time, a reminder that such views are one person's reading of the tide and not a promise about where the water will go.
On a Monday when Indian midcaps were taking heavy selling, two sets of analysts put out calls on five stocks. Raja Venkatraman, co-founder of NeoTrader, offered three, and MarketSmith India, a stock research platform, added two more.
Venkatraman is most bearish on Voltas. He advises selling on rallies toward ₹1,650, with a stop at ₹1,675 and a target of ₹1,590, arguing that the stock's sharp breakdown leaves little room for recovery and that persistent supply could keep pressing the price down. He sees Tata Communications similarly, calling Monday's decline the start of a new phase of selling, with a weakening Relative Strength Index adding weight to the case.
Kitex is the single buy on his list. While most midcaps struggled, it held up and shows signs of revival, and a sharp move above the cloud region on the intraday chart hints at a steady ascent. His call is to buy at ₹715, with a stop at ₹695 and a target of ₹765.
MarketSmith's picks play out over longer horizons. Reliance Industries, trading at ₹1,239.85, carries a buy range of ₹1,230 to ₹1,250, a profit goal of ₹1,400 and a stop loss of ₹1,192 over one to two months. Marico, at ₹668.40, has a buy range of ₹646 to ₹670, a profit goal of ₹800 and a stop loss of ₹612 over three to four months.
These are individual views, not Mint's position, and readers are reminded to consult certified experts before acting, since registration and certification guarantee neither performance nor returns.
On a Monday when Indian midcaps were taking heavy selling, two sets of analysts put out calls on five stocks. Raja Venkatraman, co-founder of NeoTrader, offered three, covering Voltas, Kitex and Tata Communications. MarketSmith India, a stock research platform, added two more, Reliance Industries and Marico.
Venkatraman's most bearish call is on Voltas. He advises selling on rallies to ₹1,650, with a stop at ₹1,675 and a target of ₹1,590. His reasoning is that the stock has suffered a sharp breakdown and any recovery looks limited. He argues that constant supply could keep dragging the price lower, and that the trend turned negative once the price broke below its value area. The source text also contains a passage suggesting trend exhaustion and a possible bounce from support, which sits awkwardly beside the sell call.
Tata Communications gets a similar verdict. After a long stretch of consolidation, Venkatraman says selling pressure has gained significant momentum. Monday's sharp decline, in his reading, marks the start of a new phase, and a weaker Relative Strength Index adds to the case. His advice is to sell below ₹1,630 and on rallies near ₹1,660, with a stop at ₹1,675 and a target of ₹1,590.
Kitex is the one buy on his list. While midcaps broadly struggled, he notes, the stock held up and is showing signs of revival. Its strong showing on Monday, despite what he calls an avalanche of selling across the market, suggests some trending action may follow. He also points to a sharp move above the cloud region on the intraday chart as a sign that a steady ascent is possible over the next few days. His call is to buy at ₹715, with a stop at ₹695 and a target of ₹765.
MarketSmith India's two picks run on longer horizons. For Reliance Industries, the current market price is ₹1,239.85. The platform suggests a buy range of ₹1,230 to ₹1,250, a profit goal of ₹1,400 and a stop loss of ₹1,192, over one to two months.
For Marico, the current price is ₹668.40, with a buy range of ₹646 to ₹670. MarketSmith sets a profit goal of ₹800 and a stop loss of ₹612, with a timeframe of three to four months.
The calls span days to four months. They are individual analysts' views and do not represent Mint's position. The publication advises readers to consult certified experts before investing, and notes that Sebi registration and NISM certification do not guarantee performance or returns.
Citazioni salienti
Monday's sharp decline in Tata Communications indicates the onset of a new phase.— Raja Venkatraman, co-founder, NeoTrader
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