Day Trading Guide: Tech Mahindra among 4 stock recommendations for Thursday – Stock Ideas

The benchmark indices ended four-day gaining streak as the BSE Sensex settled 150.48 points or 0.28 per cent lower at 53,026.97. 20 stocks from the 30-share pack ended with losses. The NSE Nifty declined 51.10 points or 0.32 per cent to 15,799.10.

“Nifty witnessed a lacklustre trading session before ending with some losses. On the lower end, 15,650-15,700 acted as support. On the higher end, it found resistance around the previous close. The trend is likely to remain sideward to a bit negative for the near term. Any fall below 15,650 might pave the way for a serious correction in the market. Resistances on the higher end are at 15,900/16,000,” said Rupak De, Senior Technical Analyst at LKP Securities.

Here are the top four stock recommendations which analysts suggest: