Indian headline indices ended decrease on Friday, snapping their six-session gaining streak. Banks, FMCG, and IT shares had been the most important laggards. After a gradual run-up, Nifty paused and slipped beneath 25,000, suggesting a quick consolidation earlier than the following leg of the rally.
Commenting on the day’s motion, Rupak De, Senior Technical Analyst at LKP Securities, mentioned the index continues to carry above the 50 EMA, reinforcing the short-term uptrend. “On the draw back, assist lies at 24,800; staying above this degree retains the development intact with scope for an advance in direction of 25,000–25,250,” De mentioned.
Listed below are 5 inventory suggestions for Monday:
