Anand Rathi strategist Jigar Patel upgrades short-term outlook for Reliance, DMart, and SBI Cards

Technical indicators signal upside potential for three Indian blue chips over the next fortnight, as the Nifty 50 resumes its upward trajectory.

By Handelsavisen Newsroom · Automated 2026-07-20 03:42 UTC · 1 min read

Jigar Patel, a strategist at Anand Rathi Wealth, has identified Reliance Industries, Avenue Supermarts (DMart), and SBI Cards as attractive candidates for short-term accumulation.

The recommendations, published on Monday, are based on positive technical setups that suggest upward momentum for the three equities over the coming one to two weeks.

30% decline in the prior period, signaling a stabilization in market sentiment.

The advice comes as India’s benchmark Nifty 50 index resumed its rally, gaining 0.50% for the week ended July 17.

This weekly advance followed a mild 0.30% decline in the prior period, signaling a stabilization in market sentiment.

Patel’s selection of these specific names highlights a shift toward large-cap stability and consumer-facing sectors amid the broader index recovery.

This marks a rotation in Patel’s short-term picks.