Stock analyst Ashwani Gujral said that the stock markets have the potential to climb as higher prices draw more buyers.

Mr. Gujral also said that it is time to make entry in the stock market rather than being watchful.

Gujral said that as long as the Nifty is able to 3100–3150, the concluding objective could be seen around the 3700 mark.

He said that there are two important things to cognize that this market is now like an animal that was in captivity for 5-6 months and it has suddenly been unleashed. So, it has potential to escalate and the logic of the stock market is that higher prices draw more buyers.

As a result, the participation will initiate now and the mid-caps that were not acting will possibly start moving now.

He added that for Punj Lloyd, the support comes in at Rs 94. If it can maintain this Rs 100 level, it could get back to about Rs 127 and in a higher case, probably, Rs 141.

In JP Associates, if it can remain above Rs 95, one could see levels of Rs 125–130 on this, and one will probably get them as the range is that most of these stocks made over the last 4–5 months, they have erupted.

Therefore, it is expected that there is some more drive to carry them forward.

Mr. Gujral said that metals is one of the groups, which is topping this market, so JSW Steel could easily go above Rs 390 and Rs 264 is the support out here.

He added that one technique to do is to invest some money in some puts, probably keep buying those 3,200 puts and hedge at least half of exposure.

Another way is to take half of profits, if investors manage to make entry at the early stage and keep only half of their exposure going forward. But the thought has to remain that after a long time this market has erupted and there is more upside as people are just returning to take part, they are sort of believing something has changed––it may or may not have.