Market Trading Guide: HDFC Bank, HCL Tech among 4 stock recommendations for Monday
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5 months ago
Indian equity indices closed at fresh record highs on Friday after the RBI stood pat on key rates for a fifth consecutive time and raised its growth forecast for fiscal 2023-24. The S&P BSE Sensex closed 0.44% higher at 69,825, while the NSE Nifty 50 index closed above the 20,950 level."The near-term uptrend status of the market remains intact and present consolidation or minor weakness could eventually result in Nifty resuming its sharp upside further in the short term. The next overhead resistance to be watched is around 21,550 (78.6% Fibonacci extension) and immediate support is at 20,850 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 4 stock recommendations for Monday:
Economic Times