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News Reporter@lemmy.wtfB to Economy@lemmy.world · 4 days ago

Market trading guide: 2 stock ideas for Monday with up to 16% potential returns

economictimes.indiatimes.com

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Market trading guide: 2 stock ideas for Monday with up to 16% potential returns

economictimes.indiatimes.com

News Reporter@lemmy.wtfB to Economy@lemmy.world · 4 days ago
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Market trading guide: 2 stock ideas for Monday with up to 16% potential returns - Stock Ideas
economictimes.indiatimes.com
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Nifty recovered from intraday lows to close on a firm footing amid broad-based buying across sectors, though IT stocks emerged as major drags in a volatile trading session on Friday. According to Rupak De, Senior Technical Analyst at LKP Securities, the index found support around previous lows while facing resistance at the 21-EMA on the daily chart."The RSI remains in a bearish crossover, suggesting weak momentum. India VIX stayed volatile, keeping participants on their toes. Over the next few days, higher volatility can be expected, with the index likely to oscillate in the 25,300–25,800 range. Immediate support is placed at 25,500, while immediate resistance is seen at 25,650," De said.Here are 2 stock recommendations for Monday: Stock Ideas
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