stock ideas: Day Trading Guide: DLF among 4 stock recommendations for Thursday – Stock Ideas

The benchmark indices ended lower for the fourth consecutive day, ahead of the Fed policy outcome. The 30-share pack Sensex declined 152.18 points to end a lacklustre session at 52,541. Its broader peer, Nifty50, dropped 40 points to settle at 15,692.15.

“The domestic markets remained extremely silent in today’s session. The Nifty index oscillated in a range of 100 points to close flat. On the technical front, 15,670 is still not breached on a closing basis, said Mehul Kothari – AVP, Technical Research, Anand Rathi Shares & Stock Brokers. In addition, the Long To Short ratio of FIIs position in index futures is nearing 10%, which is extremely low and indicates we are highly oversold. After the event turns out, we expect a sharp relief rally in the markets. The view would get negated below 15,600 on a closing basis,” he added

Below are four recommendations that analysts suggests for Thursday