Indian markets fell on Friday amid profit booking in IT and healthcare stocks but headline indices still managed to end with near 4% weekly gains. The BSE Sensex fell 200.15 points or 0.24% to close at 82,330.59, the broader Nifty was down by 42.30 points or 0.17% to end the day at 25,019.80.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty remained in consolidation mode today, taking a breather after Thursday’s rally. In his view, overall sentiment continues to stay firm, with sectoral themes playing out. “Indicators and overlays are consistently pointing towards further strength in the short term. Any dips are likely to be bought into, with support placed at 25,000/24,800. On the higher side, a move above 25,120 could take the index towards 25,250/25,350,” De said.
Here are 5 stock recommendations for Monday:
