The Bank Nifty pushed up to a good close on Friday. It seems that the market is anticipating a third rate cut on Jun 6th when the RBI meets. In addition, the GDP numbers pipped past 7% once again. While there may be naysayers still around to say the current quarter may show weakness and hence these GDP nos are not going to impact much, it is still positive data favoring a breakout.
It is not just our RBI rate cut, market will also be watching for ECB interest rate cuts this week. Also pitching in may be PMI numbers from India and China during the week and these can stoke some sentiments.
So, the lead actor for the week ahead is going to be the BNF. A triangle type consolidation is visible on the chart, with a base of about 2000 points. So that is the potential for a move if it unfolds.
PSU Banks are well placed to continue their moves. Pvt banks may rev up. Hdfc nd Kotak in Pvt while SBI and PNB may bat for the two segment.
Metals may react to the fresh tariff whack from Trump. So, leave it alone. Or may even short.
Take Suzlon Energy, for example. It has a record order book of over 3,800 MW, diversified across regions and client types. JM sees a 14% upside from current levels, driven by its strong execution track record and healthy bid pipeline. Meanwhile, BHEL has benefitted from a 19% YoY rise in sales, improved operational efficiency, and a beefy order book, warranting a target price of ₹361. ACME Solar, another standout, is aggressively scaling up its renewable energy portfolio with nearly 7 GW under its belt and a bullish target of up to ₹330.
From a chartist’s perspective, the box plot visualization offers compelling insight into the power sector’s behavior. Stocks like NTPC and JSW Energy have often seen strong April–June performances, with narrow interquartile ranges suggesting stable returns. The upper whiskers in some years highlight significant outperformance, especially during high-demand months.
This technical backdrop syncs well with the macro environment. Longer daylight hours enhance solar power generation, and proactive government measures—like policy support, tariff regulation, and PPA reforms—help keep supply disruptions in check. These developments have historically translated into improved investor sentiment and price action in power names.
Top Picks for This Summer’s Surge
| Stock | Technical View | News/Trigger |
| Suzlon Energy | Strong base formation with upward bias | Record order book, target price ₹71 (JM Financial) |
| BHEL | Trading in an upward channel with breakout potential | Strong YoY sales growth, target ₹361 |
| ACME Solar | Range breakout on weekly charts with volume confirmation | Large RE capacity, fresh project wins, target ₹330 |
| NTPC | Holding above 50-DEMA, minor pullbacks getting bought into | Seasonal demand, government support for renewables |
| JSW Energy | Higher lows, bullish divergence on RSI | Expansion in green energy and stable earnings |
The power sector may have seen a dull Q4, but forward-looking indicators suggest a spark is coming. Seasonal demand, favorable technicals, and strong brokerage recommendations make a solid case for selective buying in power stocks. Traders can look to ride the summer rally with a short-term perspective, especially in names that align with both fundamental tailwinds and technical resilience.
Ready setups are emerging, and as always, Dr. C.K. Narayan’s insights at Neotrader can help you capitalize with confidence. The electricity in the grid isn’t the only thing about to surge—so might your portfolio
