Market Trading Guide: Paradeep Phosphates, 1 more smallcap are stock recommendations for Monday
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
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
A2Z of Stock Market for Beginners: Stock Market Course For Beginners
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Dow Theory Made Easy
By — Vishal Mehta, Independent Systematic Trader
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Cand
