

PNB among top 3 trading ideas for the week ahead from Rupak De of LKP Securities
PNB, Chambal Fertilisers and Havells are the top 3 stock picks of Rupak De, Senior Technical Analyst at LKP Securities for the week ahead.
Edited excerpts from a chat in which he also talks about the market outlook and whether largecaps will dominate the market.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitNifty ended the holiday-shortened week marginally higher. After hitting uncharted territory above the 22,500-level, what are the key levels to watch out for?
Nifty stayed below the psychological 22,500 mark on the last day of the week, with call writers at the 22,500 strikes significantly increasing their positions. On the downside, support is expected to hold at 22,400. The buy-on-dips strategy is likely to persist as long as it remains above 22,400. On the upside, a decisive move above 22,500 could trigger buying interest in the market, potentially pushing the index towards 22,700 in the short term.
As the action is shifting to largecaps, don't you think the Nifty Bank rally looks sustainable in the near term?
Bank Nifty has been staging a robust recovery since it surpassed the resistance level at 46500. The sentiment is expected to stay positive for the Bank Nifty, with the potential to outperform the Nifty. Active involvement from private players in this sector is anticipated. A continuous upward trend
Read on economictimes.indiatimes.com
