The blue-chip Nifty 50 closed 0.38% lower at 18,563.40, while the benchmark S&P BSE Sensex fell 0.35% to 62,625.63.
“Though Nifty fell on Friday, the monthly expiry contract of the 18600 put option did not lose any open interest. This indicates that traders are confident currently of a close-by bottom in this small profit booking phase. The floor for Nifty is at 18400 and the floor for Bank Nifty is at 43350, till either is taken out, the trend is up and intact, Rahul Ghose, Founder & CEO – Hedged, an algorithm-powered advisory platform, said.
Here are stock recommendations for Monday: