Indian headline indices ended with minor positive aspects on Friday, weighed down by FMCG and pharma shares, although power counters helped the benchmarks shut within the inexperienced. It was a unstable session the place the BSE Sensex, after swinging 675 factors intraday, ended 259.75 factors larger (0.32%) at 80,501.99. In the meantime, the Nifty50 edged up 12.50 factors (0.05%) to shut at 24,346.70.
Rupak De, Senior Technical Analyst at LKP Securities, mentioned the Nifty witnessed volatility via the week, slipping sharply after going through rejection close to the 24,550 stage. On the every day chart, an extended upper-wick candle suggests promoting strain at larger ranges. “Going ahead, help is positioned at 24,250; a fall beneath this stage may set off a correction towards 24,000. The index might stay range-bound between 24,000–24,550. Solely a decisive breakout above 24,550 might result in a significant rally,” he mentioned.
5 Inventory Suggestions for Monday:
