During the year, Nifty and Sensex crossed the 18000 and 60000 marks, respectively, multiple times but due to uncertain global cues and continued profit booking at higher levels from FIIs, they failed to sustain above the same. After a roller-coaster price action, currently, Nifty and Sensex are trading near the 200-day SMAs.This Diwali, brokerages have selected some of the promising stocks as their top picks which on technical parameters have the strength and potential to yield decent returns in the next one-year time frame. These stocks are also fundamentally well-placed. Here are 10 technical recommendations from top brokerages:
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a