Tata Power, after recent consolidation, has surpassed its previous record high and clocked 7.7 percent gains to end at new closing high of Rs 425 with robust volumes. The stock traded above all key moving averages, which is a positive sign.
Rupak De, Senior Technical Analyst at LKP Securities, recommends PNB, Chambal Fertilisers, and Havells as top stock picks for the week ahead. Nifty levels to watch out for are 22,500 and 22,400 with support expected to hold at 22,400. Bank Nifty is expected to outperform the Nifty with potential upward moves towards 49000.
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