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Market Trading Guide: Buy Bank of India and Shipping Corporation on Friday for up to 14% potential upside
India’s benchmark index Nifty gave up most of their early gains to end the session with a modest rise. Selling pressure in heavyweights RIL and ICICI Bank weighed on the market.Commenting on the current Rupak De, Senior Technical Analyst at LKP Securities said that the short-term trend remains strong despite Nifty completely erasing its morning gains during the day. "A large red candle has formed, indicating the possibility of a pullback towards the 25,700 level in the next few days. However, the short-term trend remains intact, with the potential to revisit higher levels around 26,200 in the next 10–15 days. On the higher side, immediate resistance is placed at 26,000, above which the index may move towards 26,200, De said.Here are 2 stock recommendations for Wednesday: Stock Ideas
India’s benchmark index Nifty gave up most of their early gains to end the session with a modest rise. Selling pressure in heavyweights RIL and ICICI Bank weighed on the market.Commenting on the current Rupak De, Senior Technical Analyst at LKP Securities said that the short-term trend remains strong despite Nifty completely erasing its morning gains during the day. "A large red candle has formed, indicating the possibility of a pullback towards the 25,700 level in the next few days. However, the short-term trend remains intact, with the potential to revisit higher levels around 26,200 in the next 10–15 days. On the higher side, immediate resistance is placed at 26,000, above which the index may move towards 26,200, De said.Here are 2 stock recommendations for Wednesday: Stock Ideas
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