Possibility for 5500 is getting better: IIFL's Anu Jain

The Nifty has multiple resistances from 5,350 levels to 5,500-5,600 levels, said Anu Jain, senior vice president of IIFL Private Wealth Management in an interview. However, she further indicated that the possibility for Nifty to touch 5,500 levels is getting better with the current scenario.
According to Jain, the high beta sectors like real estate and metal have a positive bias. She mentioned that the metals space did well globally too and might do another 5-8% more.
Jain suggested a buy on Kotak Bank and ICICI Bank at current price as they have possibility of sharp moves. "Currently, the private sector banks are leaders against public sector banks," she added.