India’s benchmark indices, the Nifty and Sensex, closed greater on Friday, marking their second straight day of positive factors as traders purchased into banks, shopper, and metallic shares. Nifty index prolonged its energy in Friday’s session after a assured closing above its short-term resistance.
Commenting on the day’s motion, Vatsal Bhuva, Technical Analyst at LKP Securities mentioned the index took essential assist close to its 100-day EMA at 24,750 and ended with a powerful shut across the 50-day EMA. “On the derivatives entrance, heavy put writing at 24,800 indicators a assist base, whereas the very best OI focus at 25,000 highlights a powerful resistance zone, additionally validated on technical charts. General, Nifty is anticipated to commerce in a mildly bullish vary of 24,750–25,100, with assist at 24,750 and resistance at 25,000–25,100,” Bhuva mentioned.
Listed here are 4 inventory suggestions for Monday:
