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Tuesday, October 24, 2023

Market Trading Guide: DRL among 4 stock recommendations for Wednesday - Stock Ideas - The Economic Times

The benchmark equity indices closed lower for the fourth straight session on Friday, dragged by banking, financial, IT, and metal stocks. The S&P BSE Sensex closed 1.26% lower at 64,572, while the NSE Nifty 50 index ended below the 19,300 level.

"The short-term trend of Nifty continues to be negative. Having moved below the support of 19,330, one may expect Nifty to slide down to 18,825 levels 200-day EMA in the near term. Any attempt of upside bounce could encounter resistance around 19,400 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Here are 4 stock recommendations for Wednesday:

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Market Trading Guide: DRL among 4 stock recommendations for Wednesday - Stock Ideas - The Economic Times
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