Benchmark equity indices Sensex and Nifty declined on Wednesday, dragged down by banking and financial stocks amid weak trends in global markets.Stocks that were in focus include names like Tata Power, which rose 0.26%, Dabur India, which gained 1.9%, and L&T, whose shares jumped nearly 0.7% on Wednesday.Here's what Riyank Arora, Technical Analyst, Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.Tata PowerTata Power has experienced a breakdown below the 430 level, signaling a potential decline toward the 405 and 400 levels. For all short positions, it is recommended to maintain a strict stop loss at 440. The current volume trends indicate weak momentum, reinforcing a bearish outlook.Dabur IndiaDabur India has touched a major support zone around 530, suggesting a potential upside to the 560–570 range. This support level, coupled with a noticeable spike in volume, indicates renewed buying interest, favoring a positive outlook in the near term.L&TL&T has seen a breakdown below the 3430 level, reflecting a weak technical structure with an expected movement toward 3350 and potentially lower levels. This breakdown points to a bearish trend, as technical indicators are showing downward momentum.(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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