India’s headline indices ended Friday with strong gains helped by bank, energy and IT stocks. Nifty moved up sharply after three days of consolidation, resuming its short-term rally and ending above the 25,100 mark. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty has reclaimed the 21-day EMA, which could provide further momentum for an upward move. “Support is now placed at 24,850, and the index remains a ‘buy on dips’ as long as it holds above this level. On the higher side, it may continue advancing towards 25,350 and beyond,” De said.Here are 8 stock recommendations for Monday:
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