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The Economic Times
The Economic Times
Business
Shivendra Kumar

Market Trading Guide: 2 stock ideas for Monday with up to 8% near-term gains

Virat Jagad Oil Bonanza Portfolio

Nifty ended lower on a volatile Friday, dragged by banking, metal and realty stocks, breaking its two-session gaining streak. The index slipped from around the support-turned-resistance zone of 23,800.

Rupak De, Senior Technical Analyst at LKP Securities, said Nifty has been forming lower tops on the daily chart, indicating a bearish setup. Besides this, the index faces strong resistance at the 20-EMA on the daily timeframe and the 50-EMA on the weekly timeframe, he said.

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