Market Trading Guide: 3 stock recommendations for Monday

“Nifty spot has closed the week in red and that too below the support of 18350. There is also a negative crossover of 5 and 20 DEMA. Along with this, there is Head and Shoulder pattern breakdown on the intraday chart. Thus, this technical rationale indicates that the pessimism might continue and drag the index towards 18000-17800 in the coming week,” Mehul Kothari – AVP-Technical Research, Anand Rathi Shares & Stock Brokers, said.