Market trading guide: IndiGo among 2 stock recommendations for Thursday

Domestic equities ended higher, supported by positive Asian cues and a sharp drop in crude prices following improved traffic at the Strait of Hormuz, alongside growing expectations of an imminent India–US trade deal. Bond yields also sharply declined, supported by fresh capital inflows following the recent debt market policy reforms.
Here are two stock recommendations for Thursday

InterGlobe Aviation (IndiGo) has delivered a decisive breakout above the crucial Rs 5,100 resistance zone, supported by strong volumes and sustained buying momentum. The stock is trading above all key moving averages, reflecting a robust bullish trend, while RSI has surged above 70, indicating strong momentum despite entering the overbought territory.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio

Phoenix Mills has confirmed a strong breakout above the key Rs 1,820–1,840 resistance zone, supported by robust volumes and sustained buying momentum. The stock is trading comfortably above its 20, 50, 100, and 200-day moving averages, highlighting a strong bullish trend across timeframes. RSI has moved above 65 and is trending higher, indicating strengthening momentum and the possibility of further upside.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)