3 stocks Rajesh Palviya is bullish on for next week

economictimes.indiatimes.com:

«If we go with the rollover data, yes, there was subdued rollover action for Nifty as well as for the Bank Nifty if we compare with the last three-month average as well as with the six-month average,» says Rajesh Palviya, Axis Securities.

This week, look at the rally in the banking space. The PSU banks were the top sectoral gainer, up 6.8%. Nifty Bank is up 1-1.5%, the biggest weekly gainer in 12 weeks and the moves that have come in from Axis and SBI. Will banks really ride the rally going ahead?

Yes, definitely, overall, market structure is looking bullish and the way the broader market is behaving, we are optimistic on the up move of this market and we expect that this rally can extend further in the coming week also and possibly we can see a new all-time high also for the Nifty.

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If we go with the rollover data, yes, there was subdued rollover action for Nifty as well as for the Bank Nifty if we compare with the last three-month average as well as with the six-month average.

The rollover action was low, that is why we are seeing Nifty and Bank Nifty in consolidation.

But overall stock-specific action is clearly there in the market. The sectors which have already shown the breakout in the recent past are continuously showing the buying interest.

So, we believe that