Market Trading Guide: Paradeep Phosphates, 1 more smallcap are stock recommendations for Monday
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Indian indices rebounded from the day's lows aided by private banks to end the session in the green as they broke their three-sessions losing streak. The 30-share BSE Sensex rose 218 points, or 0.27%, to settle at 81,224, while the broader Nifty climbed 104 points, or 0.42%, to close at 24,854. Commenting on the day's action, expert Rupak De of LKP Securities said that Nifty moved up sharply after pressing a panic bottom around 24,570 when it slipped below 24,700 level. "On the hourly chart, a positive divergence is visible on the RSI (14), indicating a shift toward positive price momentum. Immediate resistance is seen at 24,900, which previously acted as support. A decisive move above 24,900 could induce a short-term rally. The trend is likely to remain strong as long as the Nifty stays above 24,750," De said. Here are 2 stock recommendations for Monday: Buy Paradeep Phosphates at Rs 95.05 Target Price: Rs 105 Stop Loss...