Indian market reversed intraday losses on Thursday to close in the green for the third consecutive day in a row. The S&P BSE Sensex rallied for more than 150 points while the Nifty50 closed above 17500 levels.

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Sectorally, buying was seen in capital goods, FMCG, Energy, Telecom, and industrials while some profit taking was visible in banks, finance, consumer durables, and public sector.

Stocks that were in focus include Vodafone Idea which closed with gains of nearly 15 per cent while ABB India closed with gains of over 10 per cent and JustDial rose over 16 per cent.

Here's what Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today:

Vodafone Idea: Trade with strict stop loss

This counter seems to have embarked on a medium-term uptrend as it registered a close above its critical resistance point of 13.80 levels from where, in the past, it has slipped into corrective and consolidation phase.

Hence, if the stock sustains above 13.90 levels, it may expand into strength into the zone of 19-21 levels. However, considering the fact that this counter is often influenced by news inflows, we refrain from recommending fresh long positions whereas existing holders can continue by placing a stop below 13.90 on closing basis.   

ABB India: Buy on Dips

New highs are a good sign for any counter hinting at long-term uptrend and ABB is no exception to that rule. Sharp spike in price seen in the last session on the back of relatively higher volumes is hinting at resumption of up move.

However, it needs to register a sustainable close above its immediate hurdle of 2232 levels. In that scenario, based on line studies of long term charts, one can look for higher targets present around 2700 levels.

Any dip towards 2150 can be an opportunity for positional traders to create fresh longs with a stop below 2100 on closing basis.

Just Dial: Buy on dips

This counter seems to have resumed its uptrend as it witnessed a sharp hike in the price on massive volumes hinting the end of correction at recent low of 644 levels.

Hence, sustaining above the intraday low of last trading session present 725 levels this counter can initially head towards the target of 900 and beyond that a higher target of 970 can’t be ruled out.

However, as risk reward rations seems to be equal from current levels fresh buying should be considered only on a dip preferably into the zone of 806 – 780 but stop remains bit distant below 725 levels.        

(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.)