New Delhi, April 3 -- India's stock markets have remained volatile over the past five trading sessions, facing resistance at the 50-week moving average, with Nifty 50 trading within the 23,800-23,100 range. In the broader market, only 21% of NSE 500 stocks traded above their 200-day moving average (DMA), while 54% were above their 50-DMA. Sector-wise, consumption, banking & financials, speciality chemicals, and defence are exhibiting strength, making them potential trading opportunities.

Two stock recommendations by MarketSmith India:

Buy Lemon Tree Hotels Ltd. (current price: Rs.140.71)

Why it's recommended: The start of the holiday season, enhanced operational efficiencies, strategic market diversification.

Key metrics: P/E: 49.63, ...