Indian equities on Friday ended on a weak note in a range bound trade for the second consecutive day. Sensex settled with a cut of 107 points at 66,160, after falling below 66,000 in intraday trade for the first time in 2 weeks, whereas Nifty ended with a minor cut of 14 points at 19,646. Meanwhile, broader markets continued to outperform their headline peers. with the Nifty Midcap 100 index notching a fresh all-time high.“Nifty remained range bound for the day, while finding a support at 21 EMA. From the current level until the Nifty breaks below 19550 no directional down move is expected or the market may not favour aggressive shorts. On the other side, below 19550 the index may fall towards 19300. Resistance on the higher end is placed at 19700,” Rupak De, Senior Technical analyst at LKP Securities, saidHere are stock recommendations for Monday:
Concurrent Gainers: ICICI Bank among 9 stocks that gained for 5 days in a row
In the five trading sessions leading up to September 20, the Sensex rose approximately 2%, closing at 84,544, with gains noted in four sessions. In
September 21, 2024