Nifty Can Bounce From 8,100, Buy GAIL India: K Subramanyam

In the last one week, the markets have seen constant long unwinding by foreign institutional investors and delivery based selling has also continued. Monday's fall puts a question mark on the recovery in the markets. Meanwhile, the Nifty can stage a bounce from 8,050-8,100 as risk-reward is more on upside, says K Subramanyam, co-head equity advisory at Altamount Capital.

Stock Talk

M&M Financial Services: The stock has been a preferred pick but has been badly affected by demonetisation. Current levels are good to buy this stock from a long-term perspective and investors can accumulate.

Bharat Financial Inclusion: Current levels look attractive for Bharat Financial Inclusion but traders should wait for third-quarter earnings before buying.

GAIL India: Current levels look attractive and the stock can go up to Rs 475. Investors can accumulate this stock.

Disclaimer: Investors are advised to make their own assessment before acting on the information.