Index in bull horn mode, but need to be cautious; 5 stocks to buy or sell

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Key Points

In week gone by, Index has breached tight consolidation patch on higher side with gain of 1.34%..

Looking at other side of the coin, from the bottom of 16800 to 19600, Index has risen in patch of 5% with 0.5% deviation..

Index derived a good strength from IT, metal, realty and pharma stocks while round of profit booking observed in financial stocks specifically PSU banks, CPSE and consumer durable stocks...

In such consolidation patch, stock travels to upper band which is placed around 750 level..

Stock is rising from 138 weeks consolidation patch followed by breach of immediate resistance which shows bulls strength..

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Index falls just short of 20k due to IT sector disappointment. Nifty has support at 19700, could slide to 19500-19300. CSBBANK has upside potential to 320-350.

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