India’s headline indices ended in the red for the fourth session in a row amid selling pressure in IT stocks. The Nifty continues to decline as tariff tensions weigh on market sentiment. Additionally, participants are awaiting CPI data from both India and the US, which is further keeping the markets on the edge.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the index slipped towards 25,000 on an intraday basis, which is very close to the 50-DMA. “On the lower end, support is placed at 24,900–24,950. If this zone holds, a rally towards 25,350 looks possible. However, failure to sustain above 24,900 may trigger a deeper phase of correction,” De said.
Here are 5 stock recommendations for Tuesday:
