The Nifty50 broke past its previous record high of 10,137 on Monday to witness a fresh record high of 10,160 led by gains in Tata Motors, Bajaj Auto, and L&T. The mid & small cap index too witnessed respective record highs in opening trade.

It witnessed an overwhelming momentum during last week trading session as it assertively managed to close above its earlier psychological level placed at 10,050 which was a positive sign.

After consolidating for nearly 3 to 4 weeks, our markets showed some encouraging movement as we saw index marching towards record high of 10137.85.

In fact, a couple of valiant attempts to traverse this hurdle was turned down. Eventually, the Nifty managed to close firmly tad below the 10100 mark on Friday.

Analyst: Dinesh Rohira, Founder & CEO, 5nance.com

Rain Industries: BUY| Target Rs. 168 | Stop-loss Rs140 | Return 10%

Rain Industries witnessed a healthy correction this week on the backdrop of lower volume support but rebounded back towards the end of trading session on positive cues indicating an immediate uptrend.

Indiabulls Ventures: BUY| Target Rs304 | Stop-loss Rs. 255 |Return 5%

Indiabulls Venture continued to trade at upper circuit despite losing marginal points during the last trading session. It continued with winning cycle on weekly basis forming a peak on intraday basis at 295-level over volume support but failed to sustain.

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Graphite India: BUY| Target Rs. 340 | Stop-loss Rs312 |Return 5%

After a muted moment in price and volume over a month period, Graphite India saw an upward reversal movement which contributed price to trade at all-time-high at Rs325-level. During the same session, it witnessed a decisive breakout on volume front.

Max Financial Services: BUY| Target Rs637 | Stop-loss Rs604 | Return 4%

Max Financial witnessed a considerable movement towards the weekend session despite a flat trading on the early week. It also witnessed a strong volume support over the same period which eased the price movement to trade at intraday high at Rs629 level.

Analyst: Pritesh Mehta of IIFL Private Wealth.

Tata Global Beverages: BUY| Target Rs 232| Stop Loss Rs204| Return 10%

We continue to reiterate our positive view on Tata Global Beverages. It has posted a rally of 3 percent in last week’s trade and we expect it to continue its recent momentum.

Britannia Industries: BUY| Target Rs4500| Stop Loss Rs4270| Return 3%

It has been consolidating at the top after a strong rally from June to August 2017. From last one month, it has been moving sideways between Rs4,340 and Rs4,180.