Buy or sell: Sumeet Bagadia recommends three stocks to buy next week
Buy or sell stocks: Amid expectations of partial US shutdown, Indian stock market opened upside and extended its early morning gains further during Friday session. Nifty 50 index gained 114 points and closed at 19,638 levels, BSE Sensex went up 320 points and ended at 65,828 mark whereas Bank Nifty index added 283 points and closed at 44,584 levels.
Asian equities gained, led by a rally in Hong Kong on hopes that China’s Golden Week holiday will spur a consumption revival and boost sentiment marred by the country’s property sector crisis. Sumeet Bagadia, Executive Director at Choice Broking believes that pull back in Indian stock market on first day of October series has improve the market bias as Nifty 50 index managed to sustain above 19,550 to 19,500 support zone.
Choice Broking expert went on to add that relief rally witnessed on Friday sesion may become a fresh bull trend on Dalal Street once Nifty closes above 19,850 to 19,900 resistance zone. "Exciting news! Mint is now on WhatsApp Channels
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