New Delhi, Aug. 5 -- On Monday, 4 August, the Nifty 50 advanced by 157.40 points or 0.64%, ending the session at 24,722.75, while the BSE Sensex rose 418.81 points or 0.52%, closing at 81,018.72. The Bank Nifty showed no major momentum, finishing flat with a negligible gain of 1.75 points, at 55,619.35, reflecting ongoing stress in the financial space despite broader market recovery.

Why Kaynes Technology is recommended: Kaynes Technology is displaying strong bullish momentum on both daily and intraday charts. The Relative Strength Index (RSI) is at 62, reflecting strengthening momentum. MACD is positive at 38, and ADX at 21.50 confirms a trending move. On the 15-minute chart, a bullish triangle breakout is evident, suggesting a continua...