Indian headline indices ended decrease on Friday, snapping their six-session gaining streak. Banks, FMCG, and IT shares had been the key laggards. After a gradual run-up, Nifty paused and slipped beneath 25,000, suggesting a short consolidation earlier than the subsequent leg of the rally.
Commenting on the day’s motion, Rupak De, Senior Technical Analyst at LKP Securities, stated the index continues to carry above the 50 EMA, reinforcing the short-term uptrend. “On the draw back, help lies at 24,800; staying above this stage retains the development intact with scope for an advance in the direction of 25,000–25,250,” De stated.
Listed below are 5 inventory suggestions for Monday:
