Stock market today: Trade setup for Nifty 50 to US dollar; 5 stocks to buy or sell on Monday — 6 January, 2025
Live MintStock market today: The domestic stock market indices closed in the red on Friday, January 3, as investors booked their profits amid a weak global cue. The BSE Sensex index closed 0.90 per cent lower at 79,223.11 points on Friday, compared to 79,943.71 points at the previous stock market close. Trade Setup for Monday On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, “Nifty found resistance near the important 50EMA zone of 24,200 levels after the strong pullback witnessed in the previous session and with profit booking seen closed near the 24,000 zone with bias and sentiment maintained cautiously positive anticipating for further rise in the coming days.” “The index would have the important support near the 200 period MA at 23,900 levels which needs to be sustained to maintain the overall bias intact. These include GAIL India Ltd., Shriram Finance Ltd., Aditya Birla Capital Ltd., Authum Investment & Infrastructure Ltd., and Titan Company Ltd. Sumeet Bagadia stocks to buy today 1. So, at the current juncture, the stock has again seen a reversal price action formation at the ₹3,040 price level, which may continue its rally till its next resistance level of ₹3,140 so traders can buy and hold this stock with a stop loss of ₹2,980 for the target price of ₹3,140 in the upcoming weeks.