Domestic equity markets extended their gains and settled higher on Friday amid the positive global cues, which led NSE’s Nifty50 to hit new record highs. All round buying supported the market sentiments. BSE’s Sensex jumped 492.75 points, or 0.74 per cent, to end at 67,481.19. NSE’s Nifty50, rose about 135 points, or 0.67 per cent, to end the day at 20,267.90.
The daily chart of Suzlon Energy shows a higher high formation, a sign of strength. Further, momentum indicator viz. MACD is positively poised, and the stock even outperforms the benchmark indices. Combining the above parameters, it is evident that momentum on the upside may continue. Hence, one can hold the stock at current levels with a stop loss of Rs 34 for the target of Rs 49-54 levels in the next couple of months.Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

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