F&O stock strategy: How to trade Indian Hotels & Titan shares
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Indian equity indices witnessed heavy selloff on Friday, weighed down by banking stocks, as traders anticipated the US jobs report for clues on the Federal Reserve's interest rate policy. The BSE Sensex fell by 800 points or nearly 1% to 81,400, while the Nifty50 dipped below the 25,000 mark, falling by 260 points or 1% to 24,890 in morning trade. Analyst Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research at SBI Securities, suggests how one should trade stocks that were in focus in the previous trading sessions based on derivative and technical data: Indian Hotels sees strong rebound from support zone The stock of The Indian Hotels Co. broke out of a Symmetrical Triangle on August 26, reaching a high of Rs 669.80 before entering a consolidation phase. During this period, it successfully retested the breakout level, establishing a solid base near that zone. The stock has since resumed its upward momentu...