Nifty 50 Rebounds Amid Mixed Technical Signals; Five Stocks Recommended for Buying

The Nifty 50 index showed a strong rebound, closing above the 100-day EMA with a gain of over 300 points, though it remains below the 200-day moving average. Technical indicators like RSI suggest weak momentum with a bearish bias but easing downside pressure. Analyst Sumeet Bagadia recommends cautious trading near key support and resistance levels, highlighting five stocks—United Breweries, Zen Technologies, Coal India, Aster DM Healthcare, and Kirloskar Oil Engines—as potential buys based on recent bullish signals.