Benchmark equity indices ended higher on Friday, but logged their worst week in eight as concerns over the outcome of ongoing national elections and selling by foreign investors weighed on sentiment. The S&P BSE Sensex closed 0.36% higher at 72,664, while the NSE Nifty50 index ended above the 22,050 level.
“The short-term trend of Nifty continues to be negative. Having placed at the key trend line support, there is a possibility of a minor upside bounce in the short term. But the market could eventually break down the present support of 21,900-21,850 levels and could slide down to 22,700-22,600 in the near term. Immediate resistance is at 22,300 levels,” said Nagaraj Shetti, HDFC Securities.
Here are 5 stock recommendations for Monday:
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