The bears dominated the markets after the first couple of sessions of the week. Initially, the Nifty 50 regained the 17,900 mark, but from that level, a heavy sell-off forced the index to retest 17,300 and close near the same.
“We maintain our stance that the ongoing pessimism might drag the Nifty50 towards the recent low of 17,166, and that would be a decider whether this is just a minor correction or a beginning of fresh fall in markets. On the upside, 17,750 would be a strong hurdle for the coming week,” said Mehul Kothari, AVP-Technical Research, Anand Rathi.
Here are 5 stock recommendations for Monday: