The Indian market rose by more than 1% on Monday with S&P BSE Sensex adding over 700 points and Nifty50 closing above 18,200 levels. The auto, realty, banks, and IT stocks witnessed a rally, while consumer durables faced selling. Equitas Small Finance Bank, L&T Finance Holdings, and DLF were some of the stocks in focus. Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities, recommends partial profit booking for Equitas Small Finance and DLF, while advising to book profits for L&T Financial Holdings.
Dixon Technologies shares tumble 6% in 2 weeks. Is long-term bullishness intact?
The Dixon Technologies stock rebounded from its support near Rs 15,953, with resistance around Rs 17,295. It trades below its 20-day and 50-day EMAs of