Benchmark Sensex declined by 318 points while Nifty slipped below 25,000 level on Wednesday amid unabated foreign fund outflows and weak trends in global marketsStocks that were in focus include names like Bajaj Auto, which gained 0.9%, LTTS, which jumped 0.12%, and BSE, whose shares declined nearly 5% on Wednesday.Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.BSEThe stock is trading around 4521 with a strong bullish structure, supported by an anchor VWAP at 4300 and resistance near 4600. With momentum reflected in the RSI (14) near 65, there is potential for further upward movement towards 4750 and 4900.The technical indicators suggest sustained buying interest, positioning the stock for a breakout above resistance levels. Overall, the outlook remains positive as long as the 4300 support holds.Bajaj AutoTrading at 11,616, Bajaj Auto demonstrates a bullish outlook, supported by immediate levels at 11,380 and resistance near 12,000.The RSI (14) at 48, along with an upward trend from lower levels, indicates a likely move towards 11,800 and 12,000. The stock's technical setup suggests continued momentum, with a potential test of resistance levels in the near term. The overall trend remains strong, supported by firm technical structures.LTTSLTTS is facing bearish pressure, trading around 5356, with trendline resistance near 5550 and key support at 5000. The overall structure points to a potential decline towards 5000 and further downside to 4800, as the stock shows signs of weakness.The bearish trend suggests limited upside potential, and technical indicators favor selling on rallies. Caution is advised as the stock approaches key support levels.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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