Indian equity benchmarks ended largely flat on Tuesday, 27 October as elevated crude oil prices kept investor sentiment cautious, with market participants awaiting the US Federal Reserve’s policy decision later this week.
The Nifty 50 declined 0.02% to close at 22,749.75, while the Sensex slipped 0.01% to settle at 73,598.67.
Brent crude traded near $116 per barrel, hovering at six-month highs, as attacks on Saudi Arabia dampened hopes of an immediate easing of tensions in the Middle East.
Amid the range-bound market, Jay Thakkar of ICICI Securities recommends buying CDSL futures at ₹1,210– ₹1,230, with targets of ₹1,300– ₹1,350 and a stop-loss below ₹1,150.
For Zydus Lifesciences futures, he suggests an entry range of ₹1,170– ₹1,180, with targets of ₹1,250– ₹1,300 and a stop-loss below ₹1,130. He also recommends buying Sun Pharmaceutical Industries futures at ₹1,760– ₹1,770, with targets of ₹1,840– ₹1,880 and a stop-loss below ₹1,730.