The Indian stock market showed resilience amid consolidation, with the Nifty 50 index bouncing sharply from key supports near 25,700–25,800. This rebound has sparked hopes of a potential rally, with some experts predicting a 5% surge in the coming weeks.
Market Outlook for Next Week
The Nifty 50 index is expected to maintain a cautiously bullish technical bias within its ongoing consolidation phase. The index has shown resilience by rebounding from the 25,700–25,800 support zone and is currently trading near the 25,900–26,000 area.
Key Stocks to Buy
Here are three top stocks to buy under ₹200 for next week:
- UCO Bank: Buy at ₹28.50, Target ₹31, Stop Loss ₹27.50
- Ircon International: Buy at ₹153, Target ₹165, Stop Loss ₹145
- MRPL: Buy at ₹148, Target ₹164, Stop Loss ₹138
Disclaimer
Remember, this is a perspective, not a prediction. It's essential to do your own research and consult with certified experts before making any investment decisions.