Daily Trading Desk: Two short term trades, a metal stock for 5% gain and a hotel stock for 7% upswing
The Nifty 50 Index gained 187.45 points after consolidating for a few days. Hindalco is showing signs of a potential breakout, supported by strong technical indicators. Indian Hotels Co Ltd has broken out from a symmetrical triangle pattern, suggesting a possible price rise. Breakout has become more frequent as more sectors join the party.