Market Trading Guide: Buy Kalpataru Projects, Asahi India and 3 more smallcap stocks on Thursday for up to 10% potential returns
Nifty extended its losses on Tuesday after a Monday pause, as sharp declines in IT, auto, and metal stocks weighed on sentiment. It has moved towards the support zone at 25,525.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that the index has found initial support near the 21EMA and the RSI indicates weak price momentum with a bearish crossover. “If the index falls below 25,590, the correction may extend towards 25,500–25,525. On the other hand, resistance is placed at 25,700, above which the index could regain strength," De said.Here are 5 stock recommendations for Thursday: Nifty tracker
Nifty extended its losses on Tuesday after a Monday pause, as sharp declines in IT, auto, and metal stocks weighed on sentiment. It has moved towards the support zone at 25,525.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that the index has found initial support near the 21EMA and the RSI indicates weak price momentum with a bearish crossover. “If the index falls below 25,590, the correction may extend towards 25,500–25,525. On the other hand, resistance is placed at 25,700, above which the index could regain strength," De said.Here are 5 stock recommendations for Thursday: Nifty tracker
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