Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, is bullish on Indian Hotels Company and Zomato, noting both stocks are above key moving averages. Indian Hotels is near all-time highs, while Zomato has rebounded strongly above its 20 and 50-day EMA levels. Shah warns that a sustained move below the BSE Sensex's 200-day EMA zone could trigger a sharp correction in the index.
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