A major fall was seen at the end of the day on Monday. The Sensex and Nifty 50 indices declined towards the close. Due to profit booking pressure, Nifty fell 108 points in the final session, while Sensex dropped 331 points. Most sectoral indices witnessed declines.
However, after the market opened on Tuesday, at least a reverse picture was seen in the morning. Around 10:10 AM, Nifty 50 rose by nearly 60 points. On the other hand, Sensex climbed about 200 points, crossing the 85,000 level.
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, says that while India's stock market is showing a positive trend, cautious steps will be visible. Despite the index rising, the Nifty 50 had fallen below 26,000 due to profit booking. The expert says that given the current situation, the near-term support is at 25,800. If the index crosses and sustains above 26,200 after that, then this index can take higher targets.
Vaishali Parekh has given advice on 3 stocks for November 25, Tuesday.
Tech Mahindra
Buy: ₹1,490, Target: ₹1,600, Stop Loss: ₹1,460
Tata Steel
Buy: ₹167, Target: ₹170, Stop Loss: ₹160
Finolex Industries
Buy: ₹182, Target: ₹190, Stop Loss: ₹178
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Along with this, Motilal Oswal expert Chandan Taparia has given advice on 2 more stocks.
L&T Finance
Target: ₹310, Stop Loss: ₹285
Bajaj Finance
Target: ₹1,030, Stop Loss: ₹950
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