The markets remained closed on Monday on account of Independence Day as the country celebrated its 76th year of Independence. Earlier, the broader Nifty50 closed near 17,700 and the Sensex ended above 59,450 as the benchmarks gained 0.22% each on Friday.  

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Following the benchmarks, Nifty Midcap ended higher by 0.7% and Small cap gained 0.25% on Friday as India VIX settled at 17.6% 

Sectorally, Nifty Metal and Oil & Gas rose the most, while IT, Media and Pharma witnessed selling pressure.  

"This week, the market attention will move to domestic and global macro variables like inflation trends and resultant impact in central bank policy decisions," Vinod Nair, Head of Research at Geojit Financial Services said.   

Earlier certain stocks came in focus on Friday. These stocks were Page Industries, Bata India and Bharat Forge. Page Industries ended marginally higher, Bata India ended flat and Bharat Forge closed with more than seven per cent gain on Friday 

Here is what Amol Athawale, Deputy Vice President - Technical Research, Kotak Securities, recommends investors should do with these stocks  

PAGE INDUSTRIES:   

In this quarter, the stock rallied over 20 percent. Last Friday, for the first time, the stock hit the 50000 mark and it also made a fresh all-time high of 50350. On daily and intraday charts, it has formed higher bottom series formation, which indicates continuation of uptrend in the near future.  For the positional traders now, 47800 would be the key level to watch out, if stock manages to trade above the same then we can expect uptrend continuation wave up to 53000-55000.    

BATA INDIA:  

After a short-term correction, the stock took the support near 200-day SMA (Simple Moving Average) level. On daily charts, the stock is holding higher bottom series formation, and currently it is trading near important support level. Technically, as long as the stock is trading above 1850 or 200-day SMA the uptrend formation is likely to continue. Above which, it could move up to 2000-2050. However, below 1850 uptrend would be vulnerable. Below which, the stock could slip till 1800-1775.   

BHARTAT FORGE:   

After a quick short-term correction, the stock took the support near 200-day SMA and bounced back sharply. Post reversal, it rallied over 10 percent. On daily and weekly charts, it has formed a long bullish candle which supports further uptrend from the current levels.  For the swing traders now, 760 could be the key level to watch out for. If the stock manages to trade above the same, then we could expect uptrend continuation wave up to 820-840. On the flip side, below 760, traders may prefer to exit out from trading long positions.