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- Stock market today: The domestic benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday’s trading session, amidst mixed global cues.
- The Gift Nifty was trading at a premium of around 70 points from the previous closing of the Nifty futures, at 22,610.
- “The Nifty 50 is still in the channel and closed over 22,500 for the first time in a few days,” noted Rupak De, Senior Technical Analyst at LKP Securities.
Catch the latest trends and expert recommendations on the Indian stock market, focusing on the Nifty 50 and Sensex indices, and learn which stocks are poised for success in today’s trading session.
Trade setup for Tuesday
The Nifty 50 continues to show resilience, trading above the 22,500 mark, which could indicate a bullish trend in the near term. Market analysts suggest cautious optimism as the index navigates through pivotal resistance levels.
Expert Stock Picks and Analysis
Leading financial analysts provide their top stock picks for the day, offering insights into potential high performers based on technical indicators and market conditions.
Ganesh Dongre’s shares to buy today
Ganesh Dongre from Anand Rathi recommends buying Tata Motors, Indian Energy Exchange, and Vedanta with specific target prices and stop loss levels, highlighting key support and resistance points for each stock.
Shiju Koothupalakkal’s buy or sell stocks
Shiju Koothupalakkal suggests trading strategies for stocks like West Coast Paper Mills and Fertilisers and Chemicals Travancore, focusing on recent technical patterns and market momentum.
Sumeet Bagadia’s top picks
Sumeet Bagadia of Choice Broking highlights Sterling and Wilson Renewable Energy and Tide Water Oil as potential buys, backed by strong trading volumes and bullish momentum.
Conclusion
Today’s stock market presents several buying opportunities, particularly in sectors highlighted by market experts. Investors are advised to consider these recommendations while keeping an eye on market trends and performing due diligence.
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