Market Trading Guide: 5 stock ideas for gains up to 11% on Tuesday
Nifty ended higher on Monday with the BJP winning states of West Bengal and Assam and wresting back the Union Territory of Puducherry. Sectorally, financials, pharma and metal led the bulls. The index failed to sustain above the 24,200 mark and eventually settled near its 50-DMA, placed around 24,110.Nilesh Jain, Vice President - Head of Technical and Derivative Research at Centrum Finverse sees the immediate psychological support at 24,000, followed by the 21-DMA at 23,900. A decisive breakout above 24,200 is essential to extend the upward move towards 24,500 levels, he added. "On the volatility front, the index eased by nearly 1% over the week to close around 18, and any further cooling in volatility could lend support to bullish momentum. The broader structure remains positive as long as the Nifty holds above 23,800, though some near-term consolidation cannot be ruled out," Jain said.Here are 5 stocks to buy: Stock Ideas
Nifty ended higher on Monday with the BJP winning states of West Bengal and Assam and wresting back the Union Territory of Puducherry. Sectorally, financials, pharma and metal led the bulls. The index failed to sustain above the 24,200 mark and eventually settled near its 50-DMA, placed around 24,110.Nilesh Jain, Vice President - Head of Technical and Derivative Research at Centrum Finverse sees the immediate psychological support at 24,000, followed by the 21-DMA at 23,900. A decisive breakout above 24,200 is essential to extend the upward move towards 24,500 levels, he added. "On the volatility front, the index eased by nearly 1% over the week to close around 18, and any further cooling in volatility could lend support to bullish momentum. The broader structure remains positive as long as the Nifty holds above 23,800, though some near-term consolidation cannot be ruled out," Jain said.Here are 5 stocks to buy: Stock Ideas
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
