Jigar Patel, a strategist at Anand Rathi, has identified three Indian equities as attractive candidates for short-term accumulation over the coming one to two weeks.
The recommendations come as the benchmark Nifty 50 index extended its winning streak for a third consecutive week, closing the period ended June 25 with a modest 0.20% gain.
Patel’s selection is based on technical patterns that suggest solid entry points for traders looking to capitalize on near-term momentum.
The broader market backdrop has been supportive, with Indian equities benefiting from a decline in crude oil prices.
Lower energy costs have helped ease inflationary pressures and improve the trade balance, providing a tailwind for domestic indices.
The Nifty 50’s recent performance reflects this improved sentiment, with investors rotating into sectors that appear technically poised for further upside.