Market Trading Guide: Buy Piramal Finance, JBM Auto & 4 more stocks on Wednesday for gains up to 20%
- Posted on April 28, 2026
- By Business News Today
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- 1 min read
In brief
Indian stock market faces headwinds as bearish technical signals emerge across key sectors. With RSI momentum declining and Nifty trading between critical moving averages, analysts identify crucial support and resistance levels. The market awaits catalysts for directional clarity while volatility persists in banking, automotive and technology shares. Strategic stock selection becomes essential for navigating current market conditions and identifying potential opportunities.
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Market Trading Guide: Buy Piramal Finance, JBM Auto & 4 more stocks on Wednesday for gains up to 20%
Nifty ended lower on Tuesday amid significant selling pressure in banks, auto and IT stocks. Momentum indicator RSI is in a bearish crossover, indicating declining price momentum. Rupak De, Senior Technical Analyst at LKP Securities said Nifty got entangled within the bands of 20EMA and 50EMA, and said he sees now that the market is waiting for cues for the next directional move. "The market does not appear convinced enough to move beyond a particular range. On the other hand, on the lower end, support is placed at 23,950; a decisive fall below this level might trigger a correction in the market. Resistance on the higher end, is placed at 24200, above which the Nifty might witness a directional up move," De said.Here are 6 stocks to buy: Stock Ideas
