In 2019 so far, the Sensex and Nifty rallied 10 percent each while the BSE Midcap index fell 3 percent and Smallcap index lost 1 percent.
The S&P BSE Sensex lost 256 points while the Nifty50 ended 0.78 percent lower for the week ended 7 September.
"The stock has broken out from a Pennant pattern after taking support at the 50 percent Fibonacci retracement level suggesting further upside in the stock," says Aditya Agarwal, Head Technical Research at Way2Wealth Brokers Pvt. Ltd.
Top 10 stocks which could give up to 20% return in the next 3-4 weeks.
The Upper end of the channel is placed at 10,630. A breakout from the upper end of the channel can trigger short covering rally to levels of 10,720-10,820, being 50 percent and 61.8 percent Fibonacci retracement levels respectively.
Figures from the last three calendar years indicate that FIIs pumped in Rs 49,880 crore in 2017, Rs 15,100 crore in 2016 and Rs 13,055 crore in 2015 in the equities market
Rajat Bose of rajatkbose.com is of the view that one can buy Havells India and Caplin Point.
Ruchit Jain of Angel Broking advises buying PG Electroplast with a target of Rs 490.
Vishal Malkan of malkansview.com is of the view that one may buy Hexaware Technologies with a target of Rs 375.
Stocks which gave multibaggers returns in the December quarter of 2016 include names like SE Power, Kushal Tradelink, India Metals, Vama Industries, HM Sugar Mills, Indokem, Atlas Jewellery, Niraj Cement etc. among others.
Ashwani Gujral of ashwanigujral.com recommends selling Jubilant Foodworks and IOC while he advises buying Reliance Industries, HDFC Bank and Caplin Point.
If index holds above 10,000, there could be more upside but it has to break above 10,137 convincingly.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Caplin Point and Deepak Fertilizer and sell BPCL.
Ashwani Gujral of ashwanigujral.com advises buying Ceat, Caplin Point Laboratories and NTPC.
Ashwani Gujral of ashwanigujral.com suggests buying Zee Entertainment, Titan Company and Caplin Point Laboratories.
Rajat Bose of rajatkbose.com is of the view that stocks including Caplin Point, NIIT Technologies and Berger Paints are buys.
Rajat Bose of rajatkbose.com recommends buying India Cements, Rain Industries, Nitco and Caplin Point.
Ashwani Gujral of ashwanigujral.com recommends buying L&T Finance, Tata Elxsi, Caplin Point and Relaxo Footwear while one can sell Fortis Healthcare.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Bharat Forge and Exide Industries and can buy Grasim Industries, State Bank of India and Caplin Point.
Ashwani Gujral of ashwanigujral.com recommends buying Piramal Enterprises, Century Ply and Caplin Point.
Mitessh Thakkar of miteshthacker.com suggests buying Bharat Forge, NHPC and Caplin Point and has a sell on Ramco Cement below Rs 670.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Indiabulls Real Estate and Caplin Point Laboratories and sell Infosys.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Canara Bank with a target of Rs 287.50.
According to Ashwani Gujral of ashwanigujral.com, one can buy Caplin Point and Century Textiles and sell Axis Bank, IRB Infra and Asian Paints.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Cipla, Jyothy Laboratories, DLF, NIIT, VRL logistics, Ceat, Caplin Point Laboratories & Ujaas Energy.