Market Trading Guide: Tata Steel, Zydus Lifesciences among 5 stock recommendations for Thursday

Indian benchmark equity indices hit lifetime highs for the fifth straight session on Wednesday, buoyed by gains in heavyweight financials and energy. The S&P BSE Sensex rose 0.3% to finish at 85,169, while the NSE Nifty50 closed above 26,000."The near-term trend of Nifty continues to be positive. The market is exhibiting strong upside momentum with range bound action in between. The next upside levels to be watched around 26200-26300 (1.618% Fibonacci Extension). Immediate support is at 25800," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Thursday: Stock Ideas