By Mehul KothariSr. Technical Analyst, Indianivesh SecuritiesWhere are We? The Nifty surged more than 3 per cent to close above the 11600 mark. Meanwhile, the Nifty Bank index too gained more than 3 per cent, but was not an outperformer. On the sectoral front, the Auto (+7.67 per cent) and Metal (+5.09 per cent) counters were the biggest contributors whereas underperformance was seen in the IT (+0.58 per cent) index. Broader markets, too, participated in the rise as the Nifty Midcap 100 and Nifty Smallcap 100 indices gained between 3 per cent and 4 per cent from their previous weekly closings.What is in Store? In order to maintain the upside momentum and enter a fresh bull run, the Nifty will have to clear the threshold of 11700-11800. The first is placement of falling trend line formed by joining the swing highs of 12103 (June 2019) and 11982 (July 2019) and the latter is 11790 — which is 78.6 per cent retracement level of the entire crack from 12103 to 10637. A move above 11800 could be an extremely strong sign for the bulls because above 11800 the Nifty has a potential to touch a new life-high (somewhere near 12200 levels). So the next 100 points for the Nifty will be very crucial for the markets. We would advise traders to hold their longs but with a strict stop- loss of 11500 in Nifty.What could investors Do? On the stock front, we like Blue Star for the coming week. The theoretical target for the pattern comes around Rs 1050 while the stock is still quoting near the Rs 830 mark. Traders are advised to buy the stock between Rs 830 and Rs 820 for the upside target of Rs 925 with a stop-loss of Rs 775. (1–2 months). Also in the F&O space, we are bullish on Adani Group stocks. Adani Enterprises and Adani Ports both can rally 5-8 per cent in the coming weeks as both have confirmed price breakouts on the larger degree chart, followed by a rise in volumes.