Market Trading Guide: Buy Mahindra and Mahindra, GRSE and 3 more stocks on Wednesday for up to 12% gains
Heartbeat index Nifty continued its positive run on Tuesday for the second day in a row led by buying action in IT and auto stocks. While the trade remained volatile during the day, the 50-stock index closed with significant gains.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that today’s strong move set the index back above the 21EMA on the daily timeframe and the RSI is on the verge of entering a bullish crossover. “Besides, the 21EMA and 50EMA are in a positive crossover. The short-term trend looks good for a rally towards higher levels, potentially reaching 26,000. Support would now be placed at 25,600. Going forward, the view on Nifty remains long with a stop loss of 25,600, targeting 26,000," De said.Here are 5 stock recommendations for Wednesday: Stock Ideas
Heartbeat index Nifty continued its positive run on Tuesday for the second day in a row led by buying action in IT and auto stocks. While the trade remained volatile during the day, the 50-stock index closed with significant gains.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that today’s strong move set the index back above the 21EMA on the daily timeframe and the RSI is on the verge of entering a bullish crossover. “Besides, the 21EMA and 50EMA are in a positive crossover. The short-term trend looks good for a rally towards higher levels, potentially reaching 26,000. Support would now be placed at 25,600. Going forward, the view on Nifty remains long with a stop loss of 25,600, targeting 26,000," De said.Here are 5 stock recommendations for Wednesday: Stock Ideas
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