New Delhi, Oct. 6 -- On Friday, 3 October, Indian equities started the day on a gap-down but quickly recovered and sustained their upward momentum, closing in the green, indicating a possible shift in momentum. The markets opened lower, but buying interest emerged across key sectors, led by financials and metals.

Why it's recommended: Canara Bank is displaying strong bullish momentum, supported by sustained buying interest in PSU banking stocks. The daily RSI stands around 65.8, reflecting steady strength without entering overbought territory. The MACD at +1.14 confirms a positive crossover, indicating continued upward momentum, while the ADX at 40.2 signals a strong ongoing trend. The price has maintained higher highs and higher lows, h...