The recovery was led by metal, auto, and select heavyweights. On the flip side, realty was the major laggard. Meanwhile, traders eagerly await the RBI MPC outcome, which is due to be released on Thursday
“At present, the index is positioned in close proximity to a critical resistance zone at 19,640, which aligns with its 20-day moving average (20-DMA). A conclusive break above the 19,700 level, especially on a closing basis, would not only signify a reversal of the recent downtrend but also potentially pave the way for further upward movement, targeting the 20,000 mark,” says Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Here are the stock recommendations for Thursday: