Market Trading Guide: Tech Mahindra among 5 stock recommendations for Thursday

  • Posted on November 20, 2024
  • By Business News Today
  • 2 Views
Market Trading Guide: Tech Mahindra among 5 stock recommendations for Thursday

Indian headline indices ended Tuesday in the green, breaking their seven-session losing streak, aided by gains in auto and pharma stocks. The 30-component BSE Sensex closed the day with a minor uptick, gaining 0.31% or 239 points, at 77,578.38, while the Nifty 50 was up by 64.70 points or 0.28%, at 23,518.50.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty remained volatile throughout the session due to a sudden spike in geopolitical tensions between Russia and Ukraine, causing the index to fall below its 200-day moving average (DMA) once again."On the technical front, the Nifty managed to hold above its recent low, indicating a potential bullish reversal as long as it does not breach the 23,350 level. Conversely, if the index sustains above the 23,500 level, it could move toward the 23,700–23,800 zone," De said.Indian stock markets are closed today due to the assembly elections in Maharashtra.Here are 5 stock recommendations for Thursday: Stock Ideas
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