Market Trading Guide: L&T, Airtel among 8 stock recommendations for Friday
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about 1 year ago
Indian shares fell on Thursday, led by losses in IT and consumer stocks, while weakness in global markets on fears of higher interest rates and surging crude prices weighed. The BSE benchmark Sensex fell 0.92% to settle at 65,508, while NSE Nifty ended below the 19,550 mark."On the daily charts, we can observe that the Nifty has closed below the 19,600 – 19,550 zone where multiple supports were placed. This is a sign of further weakness. On the way down it can slip further towards 19,500 – 19,440, which is the 78.6% Fibonacci retracement level of the rise from 19,224 – 20,222. In terms of levels, 19,500 – 19,440 is the crucial support zone, while 19,625 – 19,650 shall act as an immediate hurdle zone," said Jatin Gedia, Sharekhan by BNP Paribas.Here are 8 stock recommendations for Friday:
Economic Times