Market Trading Guide: Buy GRSE and Thyrocare Technologies on Monday for up to 12% gains
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Nifty reversed its losses in the final hours of trade to finish positive for the fourth day in a row, led by financials, pharma, and FMCG stocks, notwithstanding selling pressure in the auto and IT sectors. The late rally surprised many but was likely triggered by a resounding NDA win in Bihar. Nifty found support around the 50-EMA on the hourly chart before the sharp intraday recovery, said Rupak De, Senior Technical Analyst at LKP Securities. He expects the current sentiment to remain strong, with the potential to move towards 26,200/26,350 in the short term. "Though meaningful resistance is placed around 26,000, the magnitude of the late-session recovery indicates a smart upside move in the coming days. On the lower end, support is placed at 25,700, and as long as the index holds above this level, the bulls are unlikely to face any major resistance," De said. Here are 2 stock recommendations for Monday: Buy GRSE at Rs 2,904 |...