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Stocks to buy: Market experts advise picking stocks with strong technical indicators like Dr. Reddy's, Piramal Enterprises, and Cipla for potential upside.
The Nifty Bank witnessed a volatile trading session and now a breakout on either side will dictate the trend. On the higher side, crucial resistance is placed at 49,300, while on the downside, crucial support is placed at 48,400 levels, suggest experts.
PSU bank stocks underperformed on Monday reacting to stricter RBI norms on lending to projects under development.Among PSU banks, PNB was down 6.4 per cent, Canara Bank was down 5.4 per cent and SBI was down 2.8 per cent.Vinod Nair, Head of ...
On Friday, the 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 after soaring 484.07 points. From its intra-day high of 75,095.18, the benchmark tanked 1,627.45 points to the day's low of 73,467.73.
Immediate resistance is noted at the 22,600-22,700 zone, where aggressive call writing has been observed in the options market.