The broader markets, which had been underperformer for many months, turned outperformers in last one month rally.
For next week, Nifty has strong support at 11,365-11,255 and resistance at 11,525-11,650 range, says Sumit Bilgaiyan
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Experts expect the rally to continue going forward, but volatility may increase as we are moving closer to state and general elections
The momentum oscillator, relative strength index (RSI) has entered in a bullish crossover and currently staying above the 60 mark.
Traders can accumulate the stock in the range of Rs 133-135 for the target of Rs 150 with a stop loss below Rs 128, says Achin Goel of Bonanza Portfolio.
Rajesh Agarwal of AUM Capital recommends buying Divi's Laboratories with stop loss at Rs 1090 and target of Rs 1157, Reliance Industries with stop loss at Rs 1018 and target of Rs 1060 and Hindustan Unilever with stop loss at Rs 1690 and target of Rs 1749.
Sameet Chavan of Angel Broking advises selling NCC with a target of Rs 77.
Welspun Enterprises, which is probably the experimental lab for the Welspun Group, holding several non-core and new ventures like infrastructure, oil & gas, power, solar and even finance, is finally sharpening its focus.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy KRBL and ITD Cementation and sell Aurobindo Pharma..
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITD Cementation and PC Jeweller and advises selling Colgate Palmolive.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer ITD Cementation and A2Z Infra.
In an interview to CNBC-TV18, Mayuresh Joshi of Angel Broking shared his readings and outlook on specific stocks and sectors.
Tata Group‘s decision to sell urea business under Tata Chemicals is a step in the right direction as the urea still a controlled commodity where the prices are administered and fixed by the government, says SP Tulsian of sptulsian.com
In an interview to CNBC-TV18's Sonia Shenoy & Anuj Singhal, Mayuresh Joshi of Angel Broking shared his readings and outlook on specific stocks and sectors.
Rajesh Kothari, Managing Director at AlfAccurate Advisors is of the view that one may prefer ITD Cementation and feels that PSU banks look interesting.
Deven Choksey of KRChoksey Investment Managers is of the view that one may look at Manappuram Finance.
Parag Thakkar of HDFC Securities recommends holding ITD Cementation India for long term but feels that one can book some profits in the near term.
Shahina Mukadam, Independent Market Expert suggests buying JK Tyres with a target of Rs 86.
Parag Thakkar of HDFC Securities is of the view that one can buy Finolex Industries on dips.
According to Parag Thakkar of HDFC Securities, Finolex Industries, KNR Construction, ITD Cementation and NCC are the top picks.
Rajat Bose of rajatkbose.com recommends going long in Ajanta Pharma.
Rakesh Bansal of RK Global recommends buying KRBL, Rajesh Exports and ITD Cementation.
SP Tulsian of sptulsian.com is of the view that one may book profits in ITD Cementation.