banking, auto, and IT stocks.
The BSE Sensex was trading 161 points, or 0.20%, lower at 81,659. The Nifty50 was down 33 points, or 0.13%, trading at 25,024 around 9:18 am.
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:
The stock of Deepak Nitrite Ltd is on the verge of giving a downward sloping trendline breakout on a daily scale. The stock saw trading volume exceed its 50-day average on Tuesday, signaling strong buying interest ahead of the potential breakout.
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