Stocks to trade: Raja Venkatraman recommends 3 stocks for 28 April
Subscribe to enjoy similar stories.Although initial resistance levels were briefly broken on Monday, the market continues to show hesitation, preventing a clear breakout or a stronger trend. Nevertheless, the fact that bullish momentum has persisted despite periodic volatility has increased overall market confidence.Buy above ₹890, stop ₹835, target ₹990 (multiday)Buy above ₹465, stop ₹435, target ₹515 (multiday)Buy above ₹520, stop ₹490, target ₹580 (multiday)Indian equities rebounded on 27 April, snapping a three-day losing streak as easing geopolitical concerns lifted sentiment.
Reports that Iran had proposed a plan to the US to reopen the Strait of Hormuz boosted confidence, reducing fears of stalled negotiations and supply disruptions.The market opened firm and sustained buying momentum throughout the session, closing near the day’s high with broad-based participation. The Sensex surged 639 points to 77,303, while the Nifty advanced 195 points to 24,093.Broader markets outperformed, with midcaps rising 1.5% and smallcaps gaining 1.9%, underscoring strong market breadth.
Sectoral action was widespread, with healthcare, IT, realty, media, consumer durables, pharma, and power indices climbing nearly 2% each.Sun Pharma, Tech Mahindra, Reliance Industries, Wipro, and Jio Financial Services led the gains, while Shriram Finance, Axis Bank, Bharat Electronics, ICICI Bank, and Tata Consumer Products lagged. The session reflected renewed optimism as investors embraced improving global cues.Although a sharp rebound helped the week start positively, a sense of caution persists following the announcement of a potential resolution.
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