Indian market closed in the green for the fifth consecutive day in a row on Wednesday pushing benchmark indices to fresh record highs. 

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Sectorally, buying was seen in auto, utilities, industrial, power while selling pressure was seen in realty stocks.

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On the broader markets front – the S&P BSE Mid-cap index rose 1.5 percent, and the S&P BSE Small-cap index closed with gains of 0.5 percent.

Stocks that were in focus include Tata Motors that rose nearly 20 percent, Tata Chemical rose 14 percent, and Tata Power closed with gains of over 14 percent. All stocks hit a fresh 52-week high 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:

Tata Motors: Buy

Tata Motors resumed its bullish momentum following a breakout of bullish flag formation. Tracking the momentum, the auto major could head towards the next important hurdle 550 and it may see some correction or consolidation around the 550 level.

On the downside, levels of 440-420 will be the first support zone while 400-380 will be the critical demand zone.

Tata Chemical: Buy

Tata Chemicals is trading in an uncharted territory, and it may head towards 1500 level in the next 6-8 months; however, 1200 could act as an immediate hurdle. On the downside, 1000 should act as a base now.

Tata Power: Consolidation

Tata Power has entered a multi-year bull market after crossing the 100-mark; however, it has achieved our medium target of 225. We expect some consolidation or profit booking.

The overall texture is bullish, and it can see further upside towards 300 or higher levels. Therefore, investors should remain invested while any correction 185-175 zone will provide a great buying opportunity.

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