The Indian equity market opened modestly on August 26, with the Nifty 50 hovering around the 22,300 mark and the Sensex near 73,500, reflecting a pause after a week of mixed earnings and global cues. In this backdrop, veteran market strategist Raja Venkatraman shared his technical outlook, pinpointing three equities that he believes could outperform the broader index in the coming weeks. Venkatraman’s first pick is a large‑cap pharmaceutical company that has broken above its 50‑day moving average and is forming a bullish flag pattern on the daily chart.
The second recommendation is a mid‑cap IT services firm that has bounced off a strong support zone near its 200‑day moving average, with volume confirming the move. His third call is a consumer staples leader that has surged past a descending resistance trendline, indicating momentum that could attract both domestic and foreign institutional buyers. For each stock, the analyst advises a cautious entry near the current market price, setting stop‑loss orders just below the nearest support level to manage downside risk.
He also suggests a modest position size—no more than 5% of a retail portfolio—to preserve capital while allowing participation in potential upside. Investors are reminded that technical signals are not guarantees and should be complemented with fundamental checks, especially regarding earnings growth and sector outlook. Overall, Venkatraman’s picks aim to give everyday investors a blend of sector exposure and technical conviction, aligning with the broader market’s steady tone and offering a measured way to seek incremental returns.