New Delhi, July 13 -- Friday's strong rally provided the market with the confidence that had been missing over the last few weeks. Having successfully defended key support levels, this sharp upward momentum could now spark a sustained trend in the coming sessions.

Buy above Rs.515, stop Rs.490, target Rs.560 (Multiday)

Why it's recommended: Sumitomo Chemical India Limited is a leading Mumbai-based agrochemicals and household insecticides company. With the strong push in the chemical sector in the last few months this counter has seen some steady upside. The formation of a long body candle with possibility to give a breakout augurs well for prices in the next few days. Also, news of a stake sale of the Saudi business has generated strong...