Market Trading Guide: SBI Life, Canara Bank among 6 stock recommendations for Friday
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about 1 year ago
Indian benchmark indices, amid mixed global cues, extended their winning run and hit new record highs in intraday trade. The Sensex, after notching a new all-time peak of 67,771.05, ended with minor gains of 0.08% at 67,519. Similarly, the Nifty, after scaling record levels of 20,167.65, settled 0.16% higher at 20,103. Meanwhile, the broader markets continued to post record performance and outperformed the headline indices."Nifty remained range-bound throughout the day as the index failed to deliver any decisive breakout from the recent range. The 'buy on dips' strategy is expected to be the preferred approach until the Nifty falls below 19,900 decisively. On the upside, call writers at 20,100 are likely to defend the index against further upward movement. A sustained trade above 20,100 could potentially trigger a significant rally in the short term," said Rupak De, Senior Technical Analyst at LKP Securities.Here are the stock recommendations for Friday:
Economic Times