Buy in Auro Pharma & Coal India: Sandeep Wagle, Power My Wealth

In a chat with ET Now, Sandeep Wagle, Founder & CEO, Power My Wealth, says he sees Bank Nifty heading to 15700-15750

ET Now: Bank Nifty is somehow more volatile and active than the Nifty. Right now, the upsurge has been very stark in the private sector banking space. ICICI Bank is in the green as well. What do you do with the Bank Nifty and what are the stock specific ideas at this hour?

Sandeep Wagle: The Nifty is a shade stronger than the Bank Nifty. I would agree to that but in this kind of a scenario, you cannot say the Bank Nifty is weak. At the current level of 15500, Bank Nifty has broken out of a strong resistance at 15350-15400. I see it heading to 15700-15750 though I would agree that the Nifty would be stronger. It may go up even to 7650. Stock specific, I would go with a buy in a Auro Pharma, stop loss of 819, target of 860 and a buy in a Coal India, stop loss 310, target 342.