Market Trading Guide: Hero MotoCorp, Indus Towers Among 5 Stock Picks for Monday – Stock Ideas

The benchmark stock index closed higher on Friday, but recorded its worst week in eight weeks as concerns over the outcome of the ongoing general election and selling by foreign investors weighed on sentiment. The S&P BSE Sensex closed 0.36 per cent higher at 72,664, while the NSE Nifty50 index closed above the 22,050 level.

“Nifty’s near-term trend continues to be negative. It is placed at the key trendline support, so there is a possibility of a slight uptick in the near-term. However, the market may eventually break the current support of 21,900-21,850. In the near-term, it may go to 22,700-22,600 levels. It could fall,” said Nagaraj Shetti of HDFC Securities.

Here are five stock picks for Monday.