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Among the stocks that are expected to perform better during the week are Cummins, PNB, Divis Lab, Siemens, Cochin Shipyard, Lemon Tree, Axis Bank, and Bharti Airtel
A pullback in the near term is expected, but it would be a counter-trend rally. Once the pullback is complete, the Nifty index should drift lower to the 20-week average
Over the next few months, expectations on the possibility of the BJP government returning to power and continuity in government policies will increase
The Indian markets continued its upward momentum despite a mixed global equity market. The uptrend can likely continue until Nifty does not confirm a reversal on price action