The benchmark equity indices closed with deep cuts on Monday due to negative global macros. S&P BSE Sensex plunged 953 points to end at 57,145, while the Nifty 50 closed 311 points lower at 17,016.
“Nifty50 has closed well below the previous swing low of 17,166, indicating fresh weakness. However, the index is hovering just above the placement of its 200 DSMA, and that might trigger some bounce. If that happens, 17,400 might be a supply zone in the coming session,” Mehul Kothari – AVP – Technical Research, Anand Rathi said.
Here are 5 stock recommendations for Tuesday: