Look at Coal India, says CK Narayan

CK Narayan of Growth Avenues told CNBC-TV18, "In the largecap area I was looking at Coal India which had raved up towards the later part of Friday and it has moved up to a level where it is about to challenge the former highs and it is doing so with renewed vigour and momentum and I do believe Coal India could be one of the good performer in the week ahead. It is priced at about Rs 440. It would not surprise me to see it move up by at least 20-30 points during week.""On the largecap space maybe one should also look at Wockhardt which is another stock which has revived from the levels of support. It had been consolidating for quite some time and the strong upward move which was also part of the overall upmove among various pharma stocks during the week. These two I would definitely look in the largecap space," he added. "In the smaller midcaps space the stocks from the midcap area dominate the scenario right now, each of them is flying through the roof. So there I would look into something like textiles area where lots of action is seen. I like the layup in stock like Nitin Spinners. I saw the results declared for Suryalakshmi Cotton Mills, which was robust. I think these are couple of stocks which are not really caught the fancy of the public but then I do believe they do have the merit and the pedigree to move up. So Nitin Spinners at about Rs 80-85 is a buy. Suryalakshmi Cotton Mills at about Rs 115-120 is a buy, SML Isuzu is another one which is raving up after decent correction. There are scores of them which are there on a run and I am not talking about those. I am talking about the ones which have not yet participated and maybe that is the one I would look to be part in the next week," he said.