The Indian equity benchmarks ended the week on a strong note, with the Nifty 50 closing at 24,894—up 240 points—after a late recovery fueled by the RBI’s policy decision, softening crude oil prices, and renewed optimism across sectors. While the Nifty started the week on a positive note, it briefly extended the previous week’s selling pressure before staging a strong rebound post the central bank’s announcement.
Bank Nifty displayed firm strength throughout the week, starting with an upward gap and maintaining positive momentum to close at 55,589, marking a 1,200-point gain. For the coming week, the Nifty is expected to trade within the 25,500–24,300 range with a mixed bias, while the Bank Nifty is likely to move in the 56,500–54,000 zone with a positive bias.
With this, let’s look at the top technical picks recommended by Axis Securities for a holding period of 3–4 weeks with up to 18% upside potential: