3024: Hot Stocks | Venky's (India), Deccan Cements can give up to 12% return in short term
The week gone by was one of the most remarkable weeks for domestic as well as global markets. We had a lot of uncertainty around us but fortunately buying emerged right from the first day of the previous week and the moment vote-counting started for the race of becoming the US President, markets started reacting positively. They took off in the last couple of days to clock whopping gains of over 5 percent for the Nifty and more than 12 percent for the Bank Nifty on a weekly basis. It was one of the biggest events when markets had a smooth unidirectional move throughout the week and fortunately, in the northward direction. Technically, we can see a ‘Bullish Flag’ breakout happening along with a ‘Breakaway Gap’ on a daily chart. It is considered a strong development and hence, we are likely to move beyond previous highs soon.
