Market Trading Guide: MCX, Indian Bank among 5 stock recommendations for Tuesday
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about 1 year ago
Indian shares closed flat on Monday as gains in financial stocks offset the losses in the information technology sector. The Nifty50 and the S&P BSE Sensex closed mostly unchanged at 19,674 points, and 65,958 points, respectively."Nifty is currently placed near the support of 20-week EMA around 19580 levels. The said moving average has offered strong support for the Nifty for the past 3-4 months. Hence, there is a possibility of an upside bounce in the near term. At the highs, the market could find strong resistance around 19850 levels. Immediate supports to be watched around 19600-19550 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are the 5 stock recommendations for Tuesday:
Economic Times