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Indian benchmark indices ended in the red on Monday amid high volatility dragged by IT and energy stocks. Nifty settled at 24,668.25, falling by 100.05 points or 0.4%. Meanwhile, the 30-stock S&P BSE Sensex finished flat at 81,748.57, declining by 384.55 points or 0.47%.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities sees market sentiments remaining positive over a short term as the index sustains above the critical moving average on the daily timeframe. “Nifty remained range-bound during the session, trading within the bands of 24,600 and 24,800. The index may continue its upward movement towards 25,000 and beyond in the short term. On the lower end, crucial support is placed at 24,500,” De said.
Here are 4 stock recommendations for Tuesday:
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