Three stock ideas from Rajesh Palviya for next week

“If we analyse the call put concentration data also, the put writers are aggressive at 22,400, 22,500 strikes so that clearly shows that base is now shifted higher and 22,400 is likely to act as a support area for any kind of minor dip if we get in the markets,” says Rajesh Palviya, Axis Securities.

The kind of moves that we saw in the market, what is the picture that you are making of it as of now?

Very strong buying action across the board we have witnessed throughout the week and the broader market has clearly shown that this really can extend further as midcap and smallcap and across the sector there is a buying interest.

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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitSo, looking at the broader outlook, we are still holding our bullish view and we believe that this rally can extend for Nifty.