Indian market bounced back sharply on Wednesday pushing Sensex and Nifty50 above crucial resistance levels. The S&P BSE Sensex rallied more than 600 points while the Nifty50 closed above 17150 levels.

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Sectorally, buying was seen in metal, energy, banks, & auto while some selling eas seen in healthcare, consumer durables, and telecom.

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Stocks that were in focus include BSE that closed with gains of nearly 9 per cent, Talbros Automotive closed with gains of over 10 per cent and Chambal Fertilisers closed with gains of over 9 per cent.

Here's what Santosh Meena, Head of Research, Swastika Investmart Ltd, recommends investors should do with these stocks when the market resumes trading today:

BSE Ltd: Buy

BSE is in a strong bullish momentum where it has witnessed a breakout of the bullish cup and handle formation.

It took support at 20-DMA in a recent pullback and now it is resuming its uptrend where 17500 looks imminent target while 1500 should act as a near-term floor.  

The momentum indicator, Relative Strength Index (RSI) also witnessed a positive crossover after taking support at the 50 mark.  

Talbros Automotive: Buy on dips

Talbros is witnessing a stellar move on the upside with a breakout of bullish flag formation following a 4-month consolidation.

It took support at 200-DMA and formed a bullish inverse head and shoulder formation on the daily chart before resuming its strong uptrend.  

Momentum indicators have entered in an overbought territory that may lead to some pullback but that will provide a buying opportunity.

The level of Rs 400 could act as an immediate hurdle while 355-340 zone will act as a strong support area.

Chambal Fertilizer: Buy above Rs 400

Chambal Fertilizer has a strong bullish setup where it is respecting clusters of 20 and 50-DMA and forming higher highs and higher lows.

The level of Rs 400 may act as a minor hurdle; above this, we can expect a move towards the 440-450 zone.

On the downside, the 370-360 zone will act as an immediate support area while 345 will be a critical support level.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)