The Nifty financial services index is poised to rally in the direction of 20,700 - 20,900 level, delivering an upside of 5 per cent.
Trend of brokerage firms appear attractive on technical charts, progressive uptrend to continue.
Shares of UltraTech Cement and Titan Company reached new historic peaks, while ABB India hit a new 52-week high on Friday
The bullish trend in TTML, Suzlon, Paytm, Mazagoan Dock Shipbuilders and Torrent Power continues to remain resilient, anticipating up to 30 per cent upside.
Selective automobile stocks may soar up to 15%, show charts
As of now, clearly bulls are having a firm grip on the market but as we have been mentioning since a week or so, they would find a bit difficult now going ahead
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
Here are the weekly stock recommendations by Religare Broking.
Medium term outlook remains positive till Nifty trades above 9,951 levels and we expect targets in the range of 12,500-12,800 levels in medium term.
Short term outlook for the market remains positive till Nifty trades above 8,416 levels, says Devang Shah