Stock recommendations for 16 June from MarketSmith India (opens original article in a new tab)

MarketSmith India provides stock recommendations for 16 June, highlighting Elecon Engineering and Lumax Industries. Indian equities rose, with the Nifty 50 reaching 23,853.90, driven by realty and auto sectors. Technical analysis indicates a positive trend with key resistance levels.

• MarketSmith India recommends two stocks for 16 June: Elecon Engineering Co. Ltd and Lumax Industries Ltd.
• The Nifty 50 rose 0.98% to 23,853.90, with realty and auto sectors leading the rally.
• Technical indicators suggest a positive trend for Indian equities, with key resistance levels at 24,000 and 24,350.