Market Trading Guide: Bajaj Holdings among top 3 stock recommendations for Monday

Indian benchmark indices ended with declines on Thursday, marking their fifth consecutive fall. Today's decline was led by FMCG and pharma stocks, which wiped out earlier morning gains. While the S&P BSE Sensex fell by 110 points, or 0.14%, to close at 77,580, the broader Nifty dropped by 26 points, or 0.11%, to end at 23,532, amid concerns over foreign outflows.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that the Nifty closed near its 200-day EMA, forming a gravestone doji-like pattern on the daily chart, signaling bearish sentiment. "This suggests a 'sell on rise' approach, as the index hovers in an oversold zone near a key EMA level. A bounce is likely, but it should be seen as an opportunity to sell. If Nifty breaks below the 200-day EMA, selling pressure could intensify. The index has support at 23,450, with resistance expected at 23,650, framing the short-term trading range," De said.Here are 3 stock recommendations for Monday: Stock Ideas