Day Trading Guide: 8 Stock Picks for Tuesday – Stock Ideas

Benchmark indices were seen on strong buying on Monday thanks to a value-added merger between HDFC and HDFC Bank. Most other stocks also rallied, with many signaling breakouts.

Nifty moved gracefully above 18,000 after sustained trading above the previous consolidation on the daily chart. Also, the price has moved above 200-DEMA in the intraday period.

“The short-term trend looks positive from here. At the top end, the index could move in the direction of the falling trend line on the daily chart. Immediate resistance is visible near 18,150. On the downside, support is seen at 17,800,” said Rupak De of LKP Securities.

Below are eight analyst stock recommendations for Tuesday: Day Trading Guide: 8 Stock Picks for Tuesday – Stock Ideas

Adam Bradshaw

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