After showing sharp weakness in the last two sessions, the domestic equity market closed higher on Wednesday. The S&P BSE Sensex rose 479 points to settle at 57,626, while Nifty50 closed above the 17,100 level.
“On the daily chart, the Nifty made a bullish harami pattern, suggesting a rise in optimism. Besides, the index has found support at 200-DMA for the second consecutive day. Over the short term, the index may remain within a band. On the lower end, 17,000 may act as support; whereas 17,300 may act as resistance on the higher end,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Here are 6 stock recommendations for Thursday: