Indian market pared gains of Tuesday and closed lower on Wednesday . The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 17300 levels.

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Sectoral buying was seen in telecom, realty, consumer durables, and oil & gas stocks while selling was visible in metals, banks, capital goods, and public sector.

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Stocks that were in focus include GMDC which closed with gains of nearly 3 per cent. Meanwhile, RHI Magnesita rose nearly 4 per cent and Mirza International closed with gains of over 10 per cent on Wednesday.

Here's what Santosh Meena, Head of Research, Swastika Investmart Ltd, recommends investors should do with these stocks when the market resumes trading today:

GMDC Ltd: Buy

The counter has a strong bullish setup where it has given a breakout from a Flag formation. It has retested its previous breakout level after hitting a fresh 52-week high.

On the upside, 156 is an immediate trendline resistance area; above this, we can expect a run-up towards 180 level in the near term, Meena said. On the downside, Rs 120 is major support at any correction.

RHI Magnesita Ltd: Buy

The counter is in a classical uptrend and witnessed a breakout of triangle formation with strong volumes. The overall structure is very bullish as it trades above its all-important moving averages.

The pattern suggests immediate targets of Rs 600, while it has the potential to move further upside.

On the downside, Rs 450 will act as an immediate support level. MACD (Moving average convergence divergence) is supporting the current strength.

Mirza International: Buy

The counter has witnessed a breakout of flag formation on the weekly chart however it has given a meaningful correction to retest the previous breakout level of 134 after making a 52-week high.

Now, it is starting the next leg of a rally where 190 is an immediate multi-month resistance level; above this, we are expecting a move towards the 220+ level. On the downside, Rs 128 is major support at any correction.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)