Nifty is now almost 1,000 points up from the previous all-time level of 12,430, registered in January 2020.

                               

On December 7, Nifty registered a new all-time high at 13,366, which is 78 percent higher from the level of 7,511, the March 2020 Low of Nifty.

The benchmark index took just eight-and-a-half months to register a rise of 78 percent, which is remarkable.

Nifty is now almost 1,000 points up from the previous all-time level of 12,430, registered in January 2020.

However, the Nifty Smallcap index is still down 30 percent from its all-time high, registered in January 2018.

The Nifty Midcap index is also yet to cross its previous high and is trading down 8 percent from that level.

There is a good chance that investors could get a return from here as well. The only thing required is the selection of good quality stocks from the midcap space.

The Nifty Midcap index is also yet to cross its previous high and is trading down 8 percent from that level.

There is a good chance that investors could get a return from here as well. The only thing required is the selection of good quality stocks from the midcap space.

Here are three buy calls for the next 2-3 weeks:

Avenue Supermarts (DMart) | LTP: Rs 2,518 | Target price: Rs 2,750 | Stop loss: Rs 2,370 | Upside: 9%

The stock is on the verge of registering a new all-time high above Rs 2,560. The stock price has broken out from the downward sloping trendline, adjoining the previous two major tops on the weekly charts.

The stock is placed above all important moving averages, indicating a bullish trend on all timeframes.

Nippon Life India Asset Management (NAM) | LTP: Rs 304.90 | Target price: Rs 341 | Stop loss: Rs 289 | Upside: 12%

The stock has broken out from the last three week’s consolidation phase.

It surged more than 3 percent on December 7 with a significant jump in volumes.

Asset management companies have started getting traction recently.

Short-term moving averages have crossed over medium to long-term moving averages in the recent past.

L&T Technology Services | LTP: Rs 1,836 | Target price: Rs 2,020 | Stop loss: Rs 1,730 | Upside: 10%

The stock is on the verge of registering a new all-time high above Rs 1,872.

In the week gone by, the stock closed at the highest level on the weekly basis and broke out from the long consolidation which held for 7 consecutive weeks.

The stock has also broken out from the downward sloping trendline, adjoining previous major tops.