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“PSU stocks have witnessed a robust recovery, indicating further upside potential. Key stocks like Canara Bank and BHEL exhibit strong buying interest, with targets towards 590-600 and 2% stop-losses,” says Rajesh Palviya.
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Nifty started the day slowly but soon hit the day’s high. It then fell, recovered and closed flat.
We spoke to analysts on how one should trade stocks that were in focus in the previous trading sessions based on derivative and technical data:
The S&P BSE Sensex plunged more than 900 points while the Nifty50 failed to hold on to 22,000 towards the close of the session. Sectorally, selling was seen in utilities, power, public sector, metals and telecom stocks.