Overall trend - the Nifty Small cap index continues to remain highly robust, with an intend to reach a new historic high.
Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts
Technically, when any stocks crosses crucial hurdles and witnesses accumulation at key supports, the trend is expected to witness robust upside ahead.
Once the range of Rs 3,380 to Rs 3,350 is conquered, TCS shares are set to hit a new historic peak. HCL Tech, meanwhile, may slip under Rs 1,000 if it fails to hold the 200-DMA
These 5 buzzing stocks may rise up to 15% in the coming sessions
Selective textile stocks are developing robust chart structures
The counter may struggle to cross Rs 2,800-mark, which appears to be the next hurdle, but the current momentum is not suggesting any weakness.
Selective tyre stocks are displaying resilient chart structures, poised to scale higher levels from a medium-term perspective.
Barring Eicher Motors, which is presently struggling near its 200-DMA; Bajaj-Auto, TVS Motor and Hero MotoCorp may rally up to 15%
Pharm index has broken out on upside, with the positive rally anticipated to hit 14,450
The Nifty financial services index is poised to rally in the direction of 20,700 - 20,900 level, delivering an upside of 5 per cent.
Trend of brokerage firms appear attractive on technical charts, progressive uptrend to continue.
Shares of UltraTech Cement and Titan Company reached new historic peaks, while ABB India hit a new 52-week high on Friday
The bullish trend in TTML, Suzlon, Paytm, Mazagoan Dock Shipbuilders and Torrent Power continues to remain resilient, anticipating up to 30 per cent upside.
Selective automobile stocks may soar up to 15%, show charts
As of now, clearly bulls are having a firm grip on the market but as we have been mentioning since a week or so, they would find a bit difficult now going ahead
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
Here are the weekly stock recommendations by Religare Broking.
Medium term outlook remains positive till Nifty trades above 9,951 levels and we expect targets in the range of 12,500-12,800 levels in medium term.