After five straight weeks of losses, the Nifty may be setting up for a short-term rebound toward 23,600-23,800, provided it holds above the crucial 23,300 mark, according to Rupak De, Senior Technical Analyst at LKP Securities. While the broader weekly setup remains bearish and a durable bottom is yet to be confirmed, De sees scope for a tactical pullback and is betting on Apollo, Laurus Labs and Eternal as his top stock ideas for the week.
Edited excerpts from a chat: