Nifty has shown a good rally from low of 7921 to 8358 a rally of 437 points in 6 trading session, so nifty might take time to consolidate and small and mid caps which have under performed can do out performance in coming 2-3 weeks.
Many of the readers were asking about few small cap stocks.Here are my 2 picks
We have covered this Stock here
Stock did the target of 28 as we discussed and even exceeded the target and currently trading at 32.
As per Classical Technical Analysis Resistance became support after breakout was done by Stock. Now stock is trading in expanding channel suggesting prices can touch the upper end of channel.
Traders can go long above 32.5-33 for a target of 36-37 SL of 31
This Stock came on my Radar as it was covered Economic Times as Multibagger from Textile Sector.
Stock has been trading in range of 3.6-5 for almost 3 months than gave a big breakout rallied almost 60% in 7 trading session. Now again the stock has started consolidating in range 6.4-8 so once we 8 gets broken we can again seen a move of 1.2-1.5 Rs.
Traders can go long above 7.5-8 for a target of 8.6-9 SL of 6.4
The above 2 Stocks are not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity.