Key Points
After a sharp rally over the past two months, the Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800..
Stocks such as L&T, Reliance, HDFC Bank, Manappuram Finance, Maruti, GAIL, Hindalco, Arvind Fashion, Hind Oil Exploration, Graphite, Engineers India, Persistent, Mphasis, and Cummins are expected to sustain strong buying interest, according to analysts...
In the upcoming truncated week, we expect Nifty to consolidate with a positive bias in the broader range of 21,600-20,800 amid stock-specific actions..
On the stock front, in large-cap, we prefer Reliance, SBI, TCS, GAIL, Hindalco, and PNB; while in midcaps, Arvind Fashion, Hind Oil Exploration, Graphite, Engineers India, Bank of India, CESC, BEML, Auro Pharma, Birla Soft, Chambal Fertiliser, Elgi Equipment, HFCL, Vguard, are looking good...
We expect select stocks from the CPSE, power, realty, midcap IT, pharma, oil & gas as well as FMCG space to outperform going ahead with positive trade set-ups visible in select large-cap names such as L&T, Reliance, HDFC Bank..
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Nifty Bank holds 50-DMA; close below 46,300 can intensify selling pressure next week: Experts
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