Tuesday Trading Guide: Nifty 50 Setup, Geopolitical Cues & 8 Stock Picks to Watch
In the case of for the Nifty 50 index Any declines will likely be taken advantage of in the event that the index is above 24,350. At the top the rally could reach 25,350 or 25,750 in the near term according to experts.
Tuesday Trading Guide: Nifty 50 Setup, Geopolitical Cues & 8 Stock Picks to Watch
Stock market Today: The positive news flow triggered by the India as well as the Pakistan Ceasefire as well as the advancement in negotiations on tariffs with US and China led to it was the Benchmark Nifty 50 Index ended 3.82 percent more at 24,924.70. In addition, the Bank Nifty also gained 3.34 percent to 55,382.85 and all sectors that were led by IT , Metals and Realty experienced significant gains.
Trade Setup for Tuesday
The Nifty saw its highest day in the past four years, as several positive news events created an increase in risk-on sentiment. In the future, any dips will be likely to be traded so long as the index is above 24,350. On the other hand this phase of the rally could extend into 25,350/25.750 in the short time, according to Rupak De Senior Technical Analyst at LKP Securities
Summary Bagadia's Stocks to buy today
1 India Glycols Ltd -- Bagadia recommends purchasing India Glycols for the price of Rs1555 and keeping Stoploss at Rs1500, with an expected price of Rs1660.
INDIAGLYCO has made an incredible upward trend, trading at a record highest in the range of 1563.2 levels.
2 Innova Captab Ltd - Bagadia suggests buying Innova Captab at Rs942.5 with a Stoploss at Rs905 to achieve an expected price of Rs1010.
INNOVACAP trades at 942.5. The stock's rally was supported by huge volumes, and a striking bearish candle. The day trading guide for today could be indicating an aggressive accumulation in lower levels close to its 200-EMA.
3 State Bank of India- Dongre suggests buying State Bank of India (SBI) at Rs800 and keeping Stoploss at Rs765 to achieve an expected price of Rs840.
4 Cyient Ltd- Dongre recommends purchasing Cyient at around Rs1260 and keeping Stoploss at Rs1200 to achieve an estimated price of Rs1350.
CYIENT has displayed encouraging indications of a trend reversal from its weekly chart.
5 Apollo Tyres Ltd - Dongre recommends purchasing Apollo Tyres at around Rs481 with a Stoploss at Rs470 to achieve an estimated rate of Rs510.
