Amol Athawale, vice president of technical research at Kotak Securities, has outlined a bullish short-term outlook for Indian equities, targeting the Nifty 50 index at 24,400–24,500 over the next one to two weeks.
The recommendation comes as domestic benchmarks posted strong gains, with the Sensex and Nifty 50 rising more than 1% on Wednesday despite headwinds from rising oil prices and escalating geopolitical tensions.
Athawale identified three specific stocks for short-term trading based on favorable technical indicators.
Among the names highlighted are NBCC and CDSL, which the analyst cited as having supportive market conditions for near-term appreciation.
The third recommendation was not explicitly detailed in the initial report but is part of a broader strategy to capitalize on current momentum in the Indian market.
The technical outlook suggests that the Nifty 50 has room to advance, provided it holds above key support levels.