3 top stock picks from Rajesh Palviya for next week
«Looking at the broader market and the market breadth has improved significantly. Nifty has shown short-covering action and now we are comfortably holding above 22,400 marks. So, looking at this data setup, we are confident that, yes, this rally can extend further,» says Rajesh Palviya, Axis Securities.
Going forward, we are getting closer and closer to the elections. Is the volatility likely to continue? What is being pencilled in on the charts for the benchmark indices for next week?
It is a very smart recovery we have seen from a recent low of 21,800, almost 700-point recovery from the recent low. The way broader market has recovered in the last couple of trading sessions, that clearly shows that, again, confidence is coming back to the Street and the sectors where everybody is bullish for a longer-term perspective, again buying interest has been witnessed throughout the week in the sector like railway, infra, capital goods, even real estate, all these stocks have shown very good traction in terms of buying.
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Operations Officer ProgrammeVisitIIM LucknowChief Executive Officer ProgrammeVisit
So, looking at the broader market and the market breadth has improved significantly. Nifty has shown short-covering action and now we are comfortably holding above 22,400 marks. So, looking at this data setup, we are confident that, yes, this rally can extend further.
