Market Trading Guide: Infosys, HCL Tech among 8 stock recommendations for Friday
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3 months ago
Indian benchmark equity indices closed marginally higher on Wednesday, as broad-based profit booking offset gains in IT stocks. The S&P BSE Sensex rose by 0.19% to close at 79,105, while the NSE Nifty50 ended above the 24,100 level."The overall trend is likely to remain weak, as the index continues to trade below the initial resistance level of 24,250. Additionally, the index has been sustaining below the middle Bollinger Band, confirming a weak near-term trend. This weakness might push the index towards 23,900/23,700. On the higher end, resistance is expected at 24,250/24,500," said Rupak De of LKP Securities.Here are 8 stock recommendations for Friday:
Economic Times