Market Trading Guide: Naukri, Borosil Renewables among 4 stocks to buy on Tuesday for up to 10% gains
Indian benchmark indices ended in the red for the second day in a row amid high volatility. IT stocks were the main reasons for today’s lackluster show. Nifty has been witnessing a pullback over the last two trading sessions. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities calls this correction absolutely normal considering the 1,000-point rally that preceded it. In fact, such minor corrections are healthy for a sustained uptrend. In the short term, support is placed at 25,050, and the overall structure remains intact as long as the index holds above this level. A decisive break below 25,050 could extend the correction towards 24,800. On the upside, resistance is seen at 25,250. A move above this level could signal a resumption of the uptrend," De said.Here are 4 stock recommendations for Tuesday: Stock Ideas
Indian benchmark indices ended in the red for the second day in a row amid high volatility. IT stocks were the main reasons for today’s lackluster show. Nifty has been witnessing a pullback over the last two trading sessions. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities calls this correction absolutely normal considering the 1,000-point rally that preceded it. In fact, such minor corrections are healthy for a sustained uptrend. In the short term, support is placed at 25,050, and the overall structure remains intact as long as the index holds above this level. A decisive break below 25,050 could extend the correction towards 24,800. On the upside, resistance is seen at 25,250. A move above this level could signal a resumption of the uptrend," De said.Here are 4 stock recommendations for Tuesday: Stock Ideas
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