Trading Guide: Raymond among 5 stock recommendations for Friday
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almost 2 years ago
Indian indices ended marginally higher on Thursday — in the green for third consecutive day — in tune with strong global cues. Volatility was witnessed during the last minutes of trading hours as concerns over rising inflation and fears of monetary tightening worldwide hit the sentiment. The BSE Sensex eked out gains of 44.42 points to settle at 61,319.51. Nifty ended marginally higher at 18,035. From the Nifty pack, ONGC, Tech Mahindra, Apollo Hospitals, Divis Labs and Nestle were the top gainers, while top losers included BPCL, HDFC Life, HUL, M&M and Bajaj Finance.“Nifty continued its yesterday’s bullish momentum and witnessed a gap-up opening and formed an intraday high at 18134.75 levels in the initial 30 mins candle. Nifty has witnessed some selling from the highs but as a sigh of relief, for bulls, prices were able to close above the 18,000 mark on the daily time frame.“The momentum oscillator RSI (14) on the daily chart has witnessed a horizontal trend line breakout above 52 levels with a bullish crossover on the cards. The index remains in a buy-on-dips mode as of now with immediate support placed at 17,900 levels and the near-term resistance capped below 18,200 levels,” said Rohan Patil, Technical Analyst, SAMCO Securities.Here are the stock recommendations for Friday:
Economic Times