The Indian market closed in the red for the third consecutive day, with the S&P BSE Sensex falling over 200 points and the Nifty50 closing below 19600 levels. Stocks in the oil & gas, metal, telecom, FMCG, and energy sectors saw selling. Some stocks that performed well include Bombay Burmah Trading, Angel One, and Paytm, which hit fresh 52-week highs. Analysts recommend buying Bombay Burmah for long-term investment, Angel One for a positional target of 2490, and Paytm with a stop loss at 948.
Tech View: Minor pullback rally likely in Nifty, crucial resistance at 24,750. How to trade on Monday
Tejas Shah, Technical Research Analyst at JM Financial & BlinkX, noted that Nifty has support at 24,100 and 24,000, with immediate resistance at 24,450-500 and