Tuesday, February 7, 2023
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​Trading Guide: Tata Chemicals, REC among 6 stock recommendations for Monday​ – ​Stock Ideas

Indian benchmark indices closed on a bearish be aware on the final buying and selling day of 2022 owing to weak international cues, fag-end promoting in choose banking, IT and capital items shares. BSE Sensex dropped 293 factors to shut at 60,840 on Friday, whereas broader NSE Nifty settled 86 factors decrease at 18,105.30. The broader markets ended on a constructive be aware.

The important thing indices, nonetheless, posted annual beneficial properties of over 4% in 2022 to emerge because the world’s best-performing massive market indices.

The BSE barometer closed 2022 with an annual achieve of two,586.92 factors whereas the Nifty ended the 12 months larger by 751.25 factors.

“Following Thursday’s rally, Nifty failed to offer constructive follow-up motion. Total, Nifty rallied 1.7% this week. Nevertheless, it remained beneath the height of the prior week. Sustenance above 18,200 is important to revisit ranges of 18,400 on the upside, whereas on the flip aspect, ranges of 17,900-17,800 are prone to act as quick assist. Inventory-specific rally inside the monetary area is feasible. Additionally, chosen chemical and fertilizers shares rebounded off the important thing assist zone,” mentioned Amit Trivedi, CMT, Technical Analyst – Institutional Equities, Sure Securities.

Listed below are 4 inventory suggestions for Monday

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