India’s heartbeat index Nifty closed in the green on Thursday, supported by financials and auto. Nifty closed higher as bulls challenged the lifetime high of 26,277.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the index moved above the recent swing high on the daily chart, which intensifies the bullishness. "The rising EMAs on the daily timeframe point towards a strong bull trend. Sentiment continues to support long trades as long as the index remains above 26,100. A drop below 26,100 might trigger near-term weakness, with the index potentially falling towards 25,900. On the other hand, if it sustains above 26,160, it may recover towards 26,300 and higher," De said.Here are 2 stock recommendations for Friday: Stock Ideas
Market Trading Guide: Buy Max Financial and Eicher Motors on Friday for up to 5% gains
The Economy Times Markets5 hrs ago
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