Stock markets rallied for the second straight day on Thursday with the benchmark Sensex jumping nearly 693 points on easing political worries as the ruling NDA set in motion its government formation efforts.
Regaining the 75,000 level, the 30-share BSE Sensex jumped 692.27 points or 0.93% to settle at more than a week high of 75,075. The NSE Nifty climbed 201.05 points or 0.89% to 22,821 with 38 of its constituents ending with gains.
“The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 levels (midpart of Tuesday’s long bear candle) recently, the Nifty could move towards the next upper hurdle of 23,200 (upper part of long bear candle) in the near term. Immediate support is at 22,640 levels,” said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.
Here are 5 stock recommendations for Friday:
