Market Trading Guide: Endurance Technologies, Dabur among 5 stocks to buy on Wednesday for up to 21% gains
Indian headline indices conceded their morning gains on a volatile Tuesday during the final leg of today's trading session let down by auto and bank stocks. Nifty faced strong rejection at the 21EMA, leading to a sharp intraday fall. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the market continues to remain in a sell-on-rise mode until it moves back above 24,850. “The daily RSI is in a bearish crossover with a reading below 50. In the short term, the trend is likely to remain weak. On the lower end, support is placed at 24,500, while on the higher end, resistances are placed at 24,700 and 24,850," De said.Here are 5 stock recommendations for Wednesday: Stock Ideas
Indian headline indices conceded their morning gains on a volatile Tuesday during the final leg of today's trading session let down by auto and bank stocks. Nifty faced strong rejection at the 21EMA, leading to a sharp intraday fall. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the market continues to remain in a sell-on-rise mode until it moves back above 24,850. “The daily RSI is in a bearish crossover with a reading below 50. In the short term, the trend is likely to remain weak. On the lower end, support is placed at 24,500, while on the higher end, resistances are placed at 24,700 and 24,850," De said.Here are 5 stock recommendations for Wednesday: Stock Ideas
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
