Bharti Airtel shares may rally up to Rs 600-620
With many largecap names participating, this time Nifty may break the 16K mark with a new set of stocks rather than old names, says market expert Kunal Bothra. Edited excerpts from an interview:
What are the technical charts indicating for this week?
Largecaps like HDFC Bank and HDFC managed to underperform significantly in the first half of this week but the second half of the week was very encouraging. Not just the indices came back strongly, a lot of those beleaguered largecap names made a comeback. For example, ITC made a very strong comeback. Bharti Airtel is inching towards its breakout zone.