Stocks to buy: Here's why L&T Finance Holdings can be a good bet for investors
Nifty needs to close above 19,750 for a rally, while Bank Nifty faces resistance at 45,000. M&M may decline, L&TFH may rise.
Nifty ended the month of September with gains, following a weak August closing. The recent selling pressure was halted around the 50EMA. However, we need to close above 19,750 to witness a decent rally over the short term. A close or sustained move above 19,750 might take Nifty on a ride towards 20,500-20,700. On the flip side, a fall below 19,470 might trigger the resumption of the downtrend.
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