Headline: Three stock recommendations Rajesh Palviya for next week

economictimes.indiatimes.com:

HPCL is looking promising. The way the stock managed to give breakout of five-week consolidation range, clearly series on series if we compare the open interest, it is a long build-up setup for BPCL as well as for the HPCL, says Rajesh Palviya, Axis Securities. Edited excerpts

In a market where VIX is spiking, what sense do you make of a market like this? How should one play the market or navigate the market right now?

Looking at the market structure, yes, there was a volatility in the market but if we analyse the structure for market, it is still in the bullish trajectory, though we are witnessing that Nifty is moving in up sloping channel, on a weekly chart that clearly shows that sustained uptrend is there in the market.

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There is a spike in VIX but still, if we analyse the data, it is in a comfort zone. VIX is now trading near 14 or 15 zones. But again, if it remains below 16 kind of level, then there is no such worry in terms of spiking in the VIX. Yes, there would be volatility in the market, but now the broader market is clearly showing the strength as most of the sectors are still showing the buying interest. The way most of the stocks have shown strength in the current week also, that is giving us confidence that going forward, we can see a bullishness to