The market sustained his rally for the third consecutive session with the benchmark index received seven-tenth percent on December 23, supported by positive global cues and buying metals, except metal.

Sensex BSE jumped nearly 400 points to close above 57,300, and Nifty50 jumped more than 100 points to complete above the level of 17,050, while the wider market registered more profits than the benchmark index. The Nifty Midcap 100 index rose 0.9 percent and the SmallCap 100 index jumped 1.27 percent.

Focusing shares include FirstSource solutions which are the largest enhancers in the futures segment and option, up 9.3 percent to RS 175.05, and Radico Khait which jumped 5.4 percent to Rs 1,179.65. MMTC also in action, jumped 9.81 percent to RS 47.

This is what Chouhan Shrikant from the Securities box recommends investors to be done with this stock when the market continues today’s trade:

FirstSource solution.

After the short-term price correction, the stock took support approaching 200-day high school (the average simple moves) and was upside down sharply. After the reversal, the stock has formed a bullish long candle that supports further trends.

In addition, a strong intraday volume-volume rally and the formation of promising trend reversals also supports short-term trends. Unless it is traded under RS ​​165 or below 200 high school, the position trader maintains an optimistic attitude and looks for the positive side of Rs 185-196.

Fresh purchases can be considered now and on dips, if they are between Rs 175 and Rs 165 with stop-loss under RS ​​165.

Radico Khait.

Radio Khait has formed a double-bottom formation near high school 50-day and 20 days. Stocks are traded near the 1,200 RS Breakout Level and the graphical texture shows a strong possibility of fresh breakout in the near future.

In addition, after a long time on the weekly chart, he managed to close above the resistance level of Rs 1,150 which was widely positive.

We hold that high school Rs 1,100 or 10 days will act as the main level of support. Above this, the uptrend formation will continue until RS 1,275-1.325.

MMTC.

After a sharp setback from Rs 35 to RS 47, shares witnessed the short-term price correction. After a short-term correction, it finally needs support near the important retracement level and it is completely reversed.

On the daily chart, he has created a higher lower formation and after a strong intraday price volume activity, the stock traded approaches 200 high schools.

For Breakout traders, 200 days high school or RS 48 will be a direct obstacle. Above the same, the continuation of the continuation of Breakout will continue until Rs 50-53. On the other hand, under the RS 45 uptrend will be vulnerable.