Buy or Sell: The Indian stock market saw a good buy on Friday, October 10, as benchmark indexes advanced Sensex and Nifty 50 for the second direct session despite mixed global clues. The Sensex climbed 329 points, or 0.40%, to finish at 82,500.82, while the Nifty scored 50 104 points, or 0.41%, at 25.285.35. The rally was broadly based, with the BSE Midcap and smallcap indices rising 0.36% and 0.59% respectively. “The Nifty 50 ended the week on a positive note, with 1.32% to close at 25,285, with the broader indices also advanced by 2% to 5%. Sectoral purchase was seen on the segments of the new age, technology, pharmaceutical, banking, fixed and telecommunications, which reflects the broad market power,” Rathi. Dongre said a weekly market prospects on the Nifty 50 outlook: ‘On the technical front, the index received strong support in the 24,300–24.400 zone, which matched the 200-day EMA and the 38.2% Fibonacci retracement level-which has a fixed basis for future periods. move closer to 25,400 and thus test the important resistance zone of 25,500–25.600, which coincides with previous highlights. Bank Nifty Meanwhile, on the bench, he added: ‘Meanwhile, the bank Nifty also held a firm above the 54,000 point, with a broader support seen at 53,500–54,000 and closed near its resistance at the 57,000 level. The market tone remains cautiously optimistic; however, a decisive exposition of the top of 25,600 on the side the upward momentum. Weekly shares to buy or sell Godrej Properties: Buy at £ 2080-2100; Stop loss at £ 2040; Target price of £ 2200. Gravita India Limited: Buy at £ 1640-1660; Stop loss at £ 1600; Target price of £ 1720. Dr Reddy’s Laboratories: Buy at £ 1260-1265; Stop loss at £ 1230; Target price of £ 1300. Disclaimer: The views and recommendations above are those of individual analysts, experts and brokerage companies, not of currency. We advise investors to check with certified experts before making any investment decision.
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