Market Trading Guide: Buy LTIMindtree, Aurobindo Pharma, 3 more stocks on Friday for up to 12% gains
Indian benchmark index Nifty resumed its winning streak on Thursday after a day’s gap, helped by IT, metal and pharma stocks. The short-term sentiment remains positive, with the index sustaining above the critical moving averages on the daily timeframe.Commenting on the current trends, Rupak De, Senior Technical Analyst at LKP Securities, said while Nifty moved higher, shrugging off yesterday’s negativity, the index remained below the resistance level of 25,250. "On the higher end, a decisive move above 25,250 might trigger a rise towards 25,600 in the short term, while on the lower end, support is placed at 25,000," De said. Stock Ideas
Indian benchmark index Nifty resumed its winning streak on Thursday after a day’s gap, helped by IT, metal and pharma stocks. The short-term sentiment remains positive, with the index sustaining above the critical moving averages on the daily timeframe.Commenting on the current trends, Rupak De, Senior Technical Analyst at LKP Securities, said while Nifty moved higher, shrugging off yesterday’s negativity, the index remained below the resistance level of 25,250. "On the higher end, a decisive move above 25,250 might trigger a rise towards 25,600 in the short term, while on the lower end, support is placed at 25,000," De said. Stock Ideas
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