Following mixed global sentiments, Indian indices entered the positive territory at the fag end on Monday after a volatile session. Gains in the banking, financials and the IT pack helped indices end on a positive note. Nifty ended with gains of 0.25% at 9.17, Adani Enterprises, Bajaj Finance, Bajaj Finserv, HCL Tech and UltraTech Cement emerged as the top Nifty gainers, while the laggards from the basket included stocks like Power Grid, JSW Steel, Bajaj Auto and L&T.
“The week kicked off on a high action pack session on the D- street where in we witnessed wild swings in the benchmark indices. NIFTY kept oscillating in a broad range of 300 points throughout the session but eventually managed to close in green. Today’s low of 17,400 would now be an important support for the coming sessions. Till the time this is not breached, there is a possibility of a quick upside relief in the markets. Despite the recovery, the trend would turn in the favor of bulls only above 18200 mark ,” said Mehul Kothari, AVP – Technical Research, Anand Rathi.
Here are stock recommendations for Tuesday:
