Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 23 December 2024
Live MintBuy or sell stocks: Following the hawkish US Fed outlook on the interest rate cut and FIIs' selling, the Indian stock market snapped its four-week winning streak. In this stock market crash, the Nifty 50 index broke below its 200-DEMA support, placing at 23,800, which may have boosted the morale of Indian stock market bears. Buy or sell stocks for next week Sumeet Bagadia, Executive Director at Choice Broking, believes that overall Indian stock market bias has weakened as the Nifty 50 index has slipped below 200-DEMA support of 23,800 on a closing basis. Petronet LNG share price is currently trading around ₹336.45, having recently bounced back from support near ₹320, close to its 200-day EMA. Dr Reddy's Laboratories share price is currently trading at ₹1343.65, showcasing a notable uptrend from the support levels around ₹1280, in close proximity to its 20-Day Exponential Moving Average.