Indian equities continued to run up for the sixth straight day on Friday ignoring the weakness in global equities. Nifty rallied 93 points or 0.47% and settled at 19,820. On a weekly basis, Nifty surged by around 2%, while the midcap index gained a substantial 4%. Nifty Bank too participated in the rally and ended 1.62% higher. Sectorally too all sectors made gains except the pharmaceutical pack. According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty displayed strength driven by strong demand for large-cap stocks. However, a significant hurdle for the Nifty came in the form of substantial Call writing at the 19900 strike price. Looking ahead, only a decisive move above the 19900 level has the potential to propel the index towards the 20200 mark. On the flip side, there was substantial Put writing at the 19700 level, providing strong support for the Nifty. Here are the stock recommendations for Monday’s trading: 1. Axis Bank: Buy| CMP: Rs 980.8| Target: Rs 1050| Stop Loss: Rs 945. After a recent selloff, the downward momentum in Axis Bank has stopped and the counter has found support and reversed the trend from its important retracement zone. 2. Tech Mahindra: Buy| CMP: Rs 1261| Target: Rs 1350| Stop Loss: Rs 1215. Tech Mahindra is displaying a rising channel chart formation with higher high and higher low series pattern, suggesting further upward movement. 3. Schaeffler India: Buy| CMP: Rs 3575.75| Target: Rs 3960| Stop Loss: Rs 3370. Schaeffler India has broken out of a Rising Wedge pattern and is showing a bullish move with positive technical indicators. 4. Punjab and Sind Bank: CMP: Rs 39.75 | Target: Rs 48| Stop Loss: Rs 34.70. A breakout of a Cup and Handle pattern indicates a potential bullish trend for Punjab and Sind Bank. 5. Affle (India): Buy| CMP: Rs 1159| Target: Rs 1300/1450| Stop Loss: Rs 1087| Holding period: 6-8 weeks. Affle (India) is emerging from a consolidation phase and has the potential for further upward movement. 6. Deepak Fertilizers: Buy| CMP: Rs 666| Target: Rs 715/825| Stop Loss: Rs 590| Holding period: 6-8 weeks. Deepak Fertilizers has broken out of a triple bottom pattern, indicating a trend reversal and a buy signal. 7. Bajaj Auto: Buy| CMP: Rs 4755| Target: Rs 5080| Stop Loss: Rs 4590. Bajaj Auto has formed a rounding bottom chart formation and is expected to revive its uptrend. Note that these stock recommendations are the opinions of the experts and do not represent the views of Economic Times.