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Market Trading Guide: Buy Eternal, TVS Motor and 3 more stocks on Thursday. Up to 16% near term upside seen – Stock Ideas
India’s headline indices ended Wednesday with solid gains amid strong buying action in auto and pharma stocks. Nifty ended 131 points up at 24,619.35. Nifty remained strong through the day signaling improved sentiment amid tariff-related concerns.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the likelihood of the Nifty moving above the 24,700 resistance has increased given the sentiments showing signs of improvement. “The daily RSI has recently entered a positive crossover and continues to hold this momentum after several days of indecision. A decisive move above this level could trigger a rally towards 25,200 in the short term. On the lower side, support is placed at 24,337, below which the dynamics would once again turn in favor of the bears,” De said.
Here are 5 stock recommendations for Thursday:
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