Senior VP of Axis Securities – Senior VP – Senior VP – Axis Securities’ technology and derivatives research said that Indian equity could extend the speed above them next week, leading the Nifty to 25,300 and Bank Nifty tried 55,200.

“The Nifty managed to give a breakout of the trend line falling on the daily chart, and comfortably held its near -term, short -term dynamic average,” Palvia said. “Looking at the derivative data, the put base concentration is moved to the high, and now the Major Put writing activity has been seen on the 25,000 strike. Therefore, it clearly shows that the base is becoming high.”

He added that Call Ltg writers suggest more sidewalks, suggesting more sidewalks. “So now the upper way is clearly visible from 25,200 to 25,300.

On the bank Nifty, Palwiya noted that the index had crossed a major barrier at 54,500. “Even for the bank Nifty, we believe that the bank is likely to try to cross 55 55, 5 and 55,3, until the Nifty is able to sustain the Nifty at 54,500.”

Palviya believes that midcap IT stocks offer a better chance of near -term compared to largercaps. “If anyone wants to play in IT space, the midcap space will return to a good amount of compensation as the near -term designs are improved.” For Infosys, he paid Rs. 1,550 flagged as the main level that can stimulate short cover and move to Rs 1,580-1,600.

On metals, Palvia sees the more benefits in Hindustan zinc and national aluminum. It has its top trading elections for weeks Breeding mothers (Target Rs. 111, stop-loss Rs 101) and Bajaj (Target Rs 2,150, stop-loss Rs 2,055).

Also Read: Will Sebi Finish Weekly? Here is what chairman Tuhin Kanta Pandey said after the board meeting

“The first stock breeding is Mother’s, which is a very strong breakout on a weekly chart and the way the stock attracts a long build-up believes that here we can see more traction on the side of the purchase. We are presenting a target, at reduction, 101 should be kept as a stop loss.