6 stock recommendations from Rajesh Palviya for the next week

economictimes.indiatimes.com:

Most of the real estate stocks have done well and we believe that another 5% to 10% kind of rally can be expected in the coming week, says Rajesh Palviya, Axis Securities. Edited excerpts.

Do you believe that we could be range bound in the times ahead or there could be some weakness or strengthening from these levels next week?
If we analyse the tone, it is on the bullish side and yes benchmark indices are behaving in a range-bound kind of activity since the last couple of trading sessions. If we analyse the derivative data, major put writing activities are seen around 21,500 and 21,600 strikes. So, this range is likely to act as a good support area in the decline. Even in Friday's session, we have seen a sharp dip and then again the major put writing activity has been witnessed around 21,500 strikes. We have seen a sharp pullback action from the lower end of the corrective move. So, on the higher side, the major supply zone is still placed at 21,750. That level needs to be taken out by the Nifty, then we can see short covering action and then possibly the Nifty can scale up to the level of 21,900, even beyond the 22,000 kind of level.

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So, the overall setup is on the bullish side. Buy on dip should be your strategy and whatever dips you get near to 21,600, 21,550 is an opportunity to buy with a stop loss of 21,500.
Broader market is clearly showing that a lot of buying interest is there in the market, a lot of sectors which were underperforming now have started to recover