‘Bulls to gather strength, bet on these 3 stocks for double-digit returns’ As long as the banking index is trading above 28,000, we suggest trading with buy on dip strategy. Moreover, the banking index can continue to trade in a range of 27,600-29,000 for the coming week.
Stocks in the news: ITC, Cipla, Oil India, Petronet LNG, Kalpataru Power, Punjab & Sind Bank Avenue Supermarts | Petronet LNG | NALCo | Cipla | Nelcast and Bombay Dyeing are stocks, which are in news today.
Trade Setup for Monday: Top 15 things to know before Opening Bell Experts feel that there could be a possibility of further downside if Nifty50 trades below 12,160 levels in the coming week as well. The near term outlook is tilted towards bears as MACD gave a bearish crossover or triggered a sell signal on charts.