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[hfe_template id='11223'] [ad_1] Benchmark indices closed higher on Wednesday amid buying in blue chips even on the back of mixed cues from global markets. The 30-share Sensex climbed 267 points to settle at 74,221.06 and Nifty rose by 68 points to finish at 22,597. Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Indian Bank The stock is trading around its crucial resistance mark of 580.00 on its daily charts. With volumes being almost 1.75 times its average (30-day) volume and the RSI (14) around 62, there is good momentum in the stock. A breakout above 580.00 could trigger a strong rally towards the 600-620 levels. However, if the stock fails to cross that mark, we might see some profit booking, pulling t...

[hfe_template id='11223'] [ad_1] Equity markets declined in a volatile trade on Wednesday. The 30-share Sensex declined 117 points to settle at 72,987 and the broader Nifty dipped 17 points to close at 22,200. Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Siemens India The stock is trading at an all-time high of 7240.00, showing strong momentum. However, on its monthly time frame charts, the stock has reached an RSI of 89, indicating overbought conditions. According to multiple technical indicators and momentum oscillators, the upside appears limited from current levels, and the stock is expected to face some profit booking at higher levels.It is likely to struggle at these higher levels, and it is advisab...