The Nifty Headed For New Highs? 

Major Indian equity indices have recovered lost ground after making losses last week. The Nifty 50 index is at 8,700, a level it’s been hovering around for over two months. But how long can the Nifty remain rangebound? And what are the stocks that are likely to give big returns over the next week? On BloombergQuint’s ‘Surf’s Up’, which tracks weekly trends in the futures and options market, Chandan Taparia of Anand Rathi said that after the recent consolidation, the trend has turned positive and if the Nifty breaks crucial levels, it is likely to seek new highs. For the levels Taparia is watching out for and the stocks which may gain over the next few days, listen in.