Market Trading Guide: PSU stocks in contention for Thursday trade. Here’s what is working for BPCL and Bank of Maharashtra
Nifty ended Wednesday with strong gains, breaking its four-session losing streak, lifted by buying action across sectors, barring IT. Metals, auto and financials led the pack. The index has reclaimed the 21EMA after reversing from a brief dull phase.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty has seen a doji formation followed by a sharp rise, reflected through a visible green candle. This signals the possibility of more gains ahead, he said. "Although the trend is not decisively bullish yet—unlike the Bank Nifty, which has given a clear breakout—the current recovery may continue in the near term. On the upside, the index could move towards 26,315, while 26,100 may act as the initial support," De said.Here are 2 stock recommendations for Thursday: Top Picks
Nifty ended Wednesday with strong gains, breaking its four-session losing streak, lifted by buying action across sectors, barring IT. Metals, auto and financials led the pack. The index has reclaimed the 21EMA after reversing from a brief dull phase.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty has seen a doji formation followed by a sharp rise, reflected through a visible green candle. This signals the possibility of more gains ahead, he said. "Although the trend is not decisively bullish yet—unlike the Bank Nifty, which has given a clear breakout—the current recovery may continue in the near term. On the upside, the index could move towards 26,315, while 26,100 may act as the initial support," De said.Here are 2 stock recommendations for Thursday: Top Picks
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