Market Trading Guide: Gulf Oil Lubricants, Infosys are stock recommendations for Thursday

Indian markets ended with minor cuts on Wednesday as selling pressure in IT and pharma stocks neutralised gains from the bank and financial services counters. The 30-stock S&P BSE Sensex finished at 75,939.18, declining by 28.21 points or 0.04% and the broader Nifty rose by 12.40 points or 0.05% to close at 22,932.90.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty has moved within a band, keeping the volatile vibe intact. "On the lower end, 22,800 is likely to remain crucial support. Until 22,800 is broken, we do not expect a significant fall in the market. A decisive fall below 22,800 might trigger a meaningful correction. However, until that happens, we believe the market is likely to remain range-bound. On the higher end, 23,000/23,150 might act as resistance for Nifty. A decisive breakout above 23,150 could induce a significant rally in the market," De said.Here are 2 stock recommendations forThursday: Stock Ideas