The market will be entering into the last trading week of December — a week usually coinciding with the 'Sata Claus rally'.  The Santa rally is basically a tendency of the stock market to surge over the last weeks of December into the New Year.

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Manoj Dalmia, Founder and Director at Proficient Equities Private Limited says that 10-year December data does not reflect any proper trends in return, however, six out of 10 times market gave positive returns in December.  

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As we ring into the New Year and the domestic equity market braces up for the last trading week of 2021, Manoj Dalmia has made four stock recommendations for good gains in short-term. The market expert has picked these stocks based on their movement on weekly chart.  

As technologies stocks have been outperforming since IT services and consulting major Accenture reported strong first-quarter results and raised business outlook for fiscal 2022, Proficient Equities Private Limited has shortlisted two of the four stocks from this same space. Proficient Equities shortlisted TCS and Infosys from IT segment, Apollo Microsystems from aerospace and defence space and global analytical company Crisil limited as his fourth pick.

Among the four stocks, TCS was recently in news after La Mobilière, the oldest private non-life insurer in the Swiss market, selected TCS as strategic partner to accelerate its digital transformation agenda. On Friday, shares of Apollo Micro Systems rose nearly 6 per cent on the BSE after the company bagged supply orders worth Rs 5.72 crore from DRDO. 

Manoj Dalmia stock recommendations for next week

TCS  
● Bullish weekly candle
● Strong earnings to be expected
● Buy -Rs -3672 | Target-Rs 3933(7.5% upside) |SL-Rs 3467
         

INFOSYS
● Breakout on weekly tf with bullish candle
● Strong earnings to be expected
● Buy Rs-1862 | Target-Rs 1977 | SL-Rs 1779

APOLLO MICROSYSTEMS
● Resistance tested multiple times(Rs 126 range)
● Buy -Rs 126 | SL- Rs 120 | Target-Rs 135 (near) |Target 2-Rs 153.65
 

CRISIL
● Support at Rs 2960(0.5 fibo levels)
● Buy-Rs 3005 |SL- Rs 2805| Target-Rs 3365

Earlier this week, the Indian markets closed three out of five sessions on a positive note even as the domestic equity markets witnessed one of the biggest slumps of 2021 on Monday.  Domestic benchmarks Nifty50 and the S&P BSE Sensex closed flat with 0.1% and 0.2 % gains respectively for the week ended December 24. The Nifty50 and the Sensex ended lower by 0.40% and 0.33% respectively on Friday. 

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)