Technical Support Level News Today

(Bloomberg) -- US stocks can avoid a dire outlook as long as bond yields stay below a historic high of 5%, according to Bank of America Corp. strategist Michael Hartnett.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: UN Staff Given Evacuation Order for Northern GazaIsrael Latest: Army Urges Evacuation in Gaza; Mideast ProtestsVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice ActorScalise Ends House Speaker Bid, Deepening Republica

Trading pick of the week: REC Ltd (Rs 135.5): Sell × Investors with a medium-term horizon can sell the stock of REC Ltd at current levels. After encountering a key long-term resistance in the band between ₹156 and ₹160 in mid-February this year, the stock started to weaken and plunged . Extending the recent down-move the stock fell 5.9 per cent on Friday, decisively breaching the key support at ₹140 as well as the 21- and 50-day moving averages. The stock has been in an intermediate-t...