IT stocks hogged the limelight, helping heartbeat indices Nifty and the BSE Sensex close in the green. The Nifty remained strong throughout the day as it found support at the 50EMA on the hourly chart and staged a smart recovery. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that a falling channel breakout is visible in Nifty on the hourly chart, suggesting rising optimism. "The daily RSI (14) is in a bullish crossover and remains above 60. Overall, sentiment looks positive, with a potential move towards 26,200/26,350 in the near term. On the lower end, support is placed at 25,850," De said.Here are 2 stock recommendations for Thursday: Stock Ideas

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