Market Trading Guide: IEX, RailTel among 5 stock recommendations for Wednesday
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6 months ago
Benchmark equity indices Sensex and Nifty ended almost flat on Tuesday after a record-breaking rally as investors preferred to remain on the sidelines awaiting further triggers. After trading in the positive territory for the most part of the session, the 30-share BSE Sensex declined 33.49 points to settle at 76,457 due to fag-end selling. In a volatile trade, the NSE Nifty ended marginally up by 5.65 points to 23,264.85."Nifty is currently placed at the hurdle of 23,400-23,500 levels (1.382% Fibonacci projection), weekly hanging man and the opening downside gap of 4th June, which are weighing high for the market to sustain the new all-time highs. Hence, there is a possibility of a dip in the market. Immediate support is at 23,050 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 5 stock recommendations for Wednesday:
Economic Times