Nifty poised for gains; DLF, Titan, and Eclerx Services emerge as top bets: Rajesh Palviya

economictimes.indiatimes.com:

“Though Nifty is almost trading near to the 19650 level, the broader market and the participation from most of the large-cap stocks are clearly indicating that sentiment is now turning towards the bullish side,” says Rajesh Palviya of Axis Securities. Edited excerpts:

ET Now: Firstly, let me come to you and talk about the levels for Nifty as well as Bank Nifty. After a good recovery on Thursday and Friday trading sessions, do you believe that as we progress in the earning season, we are set to build on to these gains?

Rajesh Palviya: So we have seen the beginning of this October series was on a negative note. The short rollover was there, and the follow-up selling was there in the first phase of the first days of this October series. We almost tested a low of around 19300-19350 zone and from there, we've seen a smart recovery in the market ahead of this earning season. Then post the RBI policy, we observed that the broader market has recovered, and most of the large-cap and mid-cap stocks have also shown good buying interest.

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What happened in the last two-three trading sessions is that we again managed to regain the 19500 mark. Now we are trading near about the 20-day moving average, so that's adding up, and now some positive sentiment is taking place on the near-term setup. There was short covering in today's session for Nifty. Bank Nifty also witnessed some long built-up setup.
Though Nifty is almost trading near to the 19650 level, the broader market and the participation from most of the large-cap stocks are clearly