On May 7, 2023, the domestic stock market indices, Nifty 50 and BSE Sensex, remained largely flat, with minor gains due to easing crude oil prices. Nagaraj Shetti, a Senior Technical Research Analyst at HDFC Securities, recommends buying shares of Anant Raj at ₹554.50, targeting ₹585 with a stop loss at ₹537. The stock has shown a bullish trend, breaking above a crucial resistance level. Additionally, he advises purchasing Rico Auto Industries shares at ₹124.25, with a target of ₹132 and a stop loss at ₹119, citing positive signals from the stock's chart patterns. The Nifty 50 index is currently consolidating but is expected to surpass resistance levels, targeting 24,600-24,800 in the near term. The decline in crude oil prices, which have fallen significantly, is seen as a positive factor for India's economy, potentially easing inflation and enhancing corporate earnings outlook.