Market Trading Guide: MCX, Paytm among 8 stocks recommendations for Monday

India’s headline indices ended with sharp cuts on the final day of the week, falling for the second session in a row. Nifty remained under sustained selling pressure as the index slipped below the crucial support level of 24,900. Moreover, it has closed below the 50-day Exponential Moving Average (50EMA) for the first time in several sessions, signaling a meaningful weakening of the ongoing trend. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the index has now fallen back into the zone of the previous swing high on the daily timeframe, which further highlights a potential trend reversal. “The current setup appears notably weak and suggests the possibility of a deeper correction. If the Nifty fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000,” De said.Here are 8 stock recommendations for Monday: Stock Ideas