Headline index Nifty ended positive for a fifth day in a row aided by strong buying action in financials and auto stocks. A breakout from this consolidation zone was witnessed on the daily chart, confirming renewed bullish momentum. Commenting on the day's Vatsal Bhuva, Technical Analyst at LKP Securities said that today's breakout highlights the strong grip of bulls on the index. "As long as the index sustains above 58,000, where its 20-day EMA is positioned, it remains a buy-on-dip candidate. Immediate support lies at 58,200, while potential resistance is expected around 59,300 and 59,500 levels," he said.Here are 2 stock recommendations for Tuesday: stock ideas
Market Trading Guide: Buy HCL Tech, India Cements and 3 more stocks on Tuesday for up to 8% gains
The Economy Times Markets9 hrs ago
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