Market Trading Guide: Buy Nestle, NLC India and 2 more stocks on Wednesday for near term gains up to 14%
Nifty ended with strong gains on Tuesday, recording its third positive closing led by financials and FMCG stocks. The sentiment remains positive with RSI giving a falling channel breakout.Rupak De, Senior Technical Analyst at LKP Securities said Nifty remained positive today as the index rallied by more than 200 points during the day, following a breakout from a brief consolidation on the hourly chart. However, Nifty finds resistance at the higher end around the 100EMA. "The India VIX slipped lower, confirming ebbing fear among investors. Going forward, the trend might remain strong, with the potential to rise towards 24800 and possibly higher. On the lower end, immediate support is placed at 24400," De said.Here are 4 stocks to buy: Stock Ideas
Nifty ended with strong gains on Tuesday, recording its third positive closing led by financials and FMCG stocks. The sentiment remains positive with RSI giving a falling channel breakout.Rupak De, Senior Technical Analyst at LKP Securities said Nifty remained positive today as the index rallied by more than 200 points during the day, following a breakout from a brief consolidation on the hourly chart. However, Nifty finds resistance at the higher end around the 100EMA. "The India VIX slipped lower, confirming ebbing fear among investors. Going forward, the trend might remain strong, with the potential to rise towards 24800 and possibly higher. On the lower end, immediate support is placed at 24400," De said.Here are 4 stocks to buy: Stock Ideas
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