India\u2019s headline indices ended with minor gains on Wednesday as gains in FMCG and IT stocks were offset by selling trends in auto and banks. Nifty which ended with 0.14% gains, traded within a narrow range, remaining below the 50 EMA on the daily timeframe. <\/p>\n
Commenting on the day\u2019s action, Rupak De, Senior Technical Analyst at LKP Securities said that the short-term trend remains slightly weak as the index continues to sustain below this critical moving average. <\/p>\n
\u201cHowever, the possibility of a meaningful recovery stays intact, supported by a bullish reversal pattern formation and a hidden positive divergence. In simple terms, the index may continue to move up towards 25,000\u201325,200 in the short term, with support placed at 24,750. A break below this level could weaken market sentiment,\u201d De said.<\/p>\n
Here are 4 stock recommendations for Thursday:<\/p>\n","protected":false},"excerpt":{"rendered":"India\u2019s headline indices ended with minor gains on Wednesday as gains in FMCG and IT stocks were offset…\n","protected":false},"author":2,"featured_media":1344,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[26452,45,49,48,26451,100,17857,16625,17860,104,101],"class_list":["post-35254","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-astrazeneca-pharma","tag-business","tag-ca","tag-canada","tag-coromandel-international","tag-markets","tag-nifty-analysis","tag-rbl-bank","tag-share-price","tag-stock-ideas","tag-stocks-to-buy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/35254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=35254"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/35254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/1344"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=35254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=35254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=35254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}