Market Trading Guide: ITC, Bharti Airtel among 5 stock recommendations for Monday

Sunday, 17 March 2024, 07:20

Indian equity indices dipped on concerns about U.S. rate cuts. Sensex closed 0.62% lower, Nifty50 below 22,050. Analyst advises caution with Nifty near-term trend weak. Immediate resistance at 22,200, additional support at 21,500 levels.
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Market Trading Guide: ITC, Bharti Airtel among 5 stock recommendations for Monday

Market Recap:

Indian equity indices closed lower on Friday, dragged by financial, auto, and IT stocks.

Technical Analysis:

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, cautions on Nifty trend.

  • Immediate resistance at 22,200 levels
  • Weakness below 21,900 may lead to sharp decline to 21,500 support

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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