Jubilant Food & 5 bluechip stocks Rajesh Palviya is betting on short-term gains

According to Rajesh Palviya of Axis Securities, the Nifty has been experiencing strong upward momentum and could potentially reach levels between 19,350 and 19,400 in the coming week. The underperforming sectors have started to contribute, and market breadth has significantly improved. The Bank Nifty is also nearing its target of 45,000. In the auto sector, Maruti is expected to continue its momentum and reach a target of Rs 10,000, while Hero Moto and Bajaj Auto are also looking attractive. L&T, TCS, and Jubilant Food are the stocks to watch in the upcoming week.