Market Trading Guide: SRF among 4 stock recommendations for Thursday
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over 1 year ago
Indian shares advanced for a second straight session on Wednesday as concerns over a banking crisis receded further, while investors braced for a crucial interest rate decision by the US Federal Reserve. The Nifty 50 index ended above the 17,150 mark, while the S&P BSE Sensex rose 0.24% to 58,214.59.“The pullback is not yet complete, and we expect it to continue over the next few trading sessions. On the upside, we expect it to retrace till levels of 17,460 – 17,500, where resistance in the form of the 200-day moving average and also a gap formed on March 10 is placed. On the downside, the immediate support stands at the lower end of the downward sloping channel 16,800 – 16,830,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, said.Here are stock recommendations for Thursday:
Economic Times