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The Indian stock market witnessed a strong rebound after six consecutive weeks of decline, supported by favourable global cues.
Both Nifty and Sensex rebounded about 6% after six weeks of decline, closing near record highs.
KEY POINTS
- Technical indicators show strong bullish momentum, with RSI above 50 and significant call and put writing at key levels.
- Jindal Stainless, Ramkrishna Forgings, NCC, Brigade Enterprises, and Federal Bank are recommended buys with specific targets and stop losses.
- Recent price actions in these stocks show technical breakouts, bullish reversal patterns, and strong volume expansion.
COMPANIES
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