Market Trading Guide: Cipla, Petronet LNG among 6 stock recommendations for Tuesday
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5 months ago
Benchmark equity indices Sensex and Nifty ended lower on Monday after hitting their all-time high levels in early trade amid selling in blue-chip IT stocks and HDFC Bank. After breaching the 77,000-mark during the early trade, the 30-share BSE Sensex came under selling pressure at the fag-end of the session and ended 203.28 points lower at 76,490.08.Halting its three-day rally, the NSE Nifty dipped 30.95 points to settle at 23,259.20. "The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 levels (mid part of Tuesday's long bear candle) recently, the Nifty could move towards the next upper hurdle of 23,200 (upper part of long bear candle) in the near term. Immediate support is at 22,640 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 6 stock recommendations for Tuesday:
Economic Times