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Indian stock market ended 1% lower on Thursday, April 9.
Nifty 50 and Bank Nifty both formed bearish piercing patterns, signaling potential short-term downside.
KEY POINTS
- Significant put writing at 24,000 and call writing at 23,700 suggest Nifty may consolidate in a narrow range.
- Isgec Heavy Engineering has decisively closed above its 200-day EMA, indicating a potential trend reversal.
- Sumeet Bagadia recommends buying GE Vernova T&D India, Isgec Heavy Engineering, Waaree Energies, Senores Pharmaceuticals, and Power Finance Corporation.
COMPANIES
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