

Stock recommendations for 7 April from MarketSmith India
Stock market recap: India’s benchmark indices Sensex and Nifty 50 ended with strong gains on Monday, 6 April, rising more than 1% each amid easing crude oil prices and further recovery in the Indian rupee.Extending gains to the third consecutive session, the Sensex ended 787 points, or 1.07%, higher at 74,106.85, while the Nifty 50 settled at 22,968.25, rising 255 points, or 1.12%. The BSE 150 Midcap index gained 1.30%, while the BSE 250 Smallcap index rose by 1.10%.Investor wealth rose by more than ₹5 trillion in a single session as the overall market capitalization of BSE-listed firms rose to over ₹427 trillion.Buy: Titan Co. Ltd(current price: ₹4,246)Buy: Schneider Electric Infrastructure Ltd (current price: ₹926)Nifty 50 performance on 6 AprilThe Nifty 50 opened on a positive note and sustained buying momentum throughout the session.
After testing an intraday low of 22,542.95, the index rebounded sharply, reflecting value buying on declines. It touched a high of 22,998.35 and closed near the day’s top at 22,968.25, up 255.15 points (+1.12%).
Despite the recovery, the index remains below its key moving averages, including the 50- and 100-DMA, signalling underlying structural weakness. Price action points to early signs of stabilization, but a sustained uptrend will require follow-through buying across broader market segments.From a technical perspective, the RSI has bounced to 41.26 from oversold territory, showing improving short-term momentum, though it remains below the neutral 50 mark.
The MACD continues in negative territory, with the signal line below zero, but a narrowing histogram hints at a potential bullish crossover. This suggests a possible shift from bearish to neutral bias, though confirmation of
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