Nifty ended in the red on Monday, dragged by IT and energy stocks. Global cues were mixed, with investor sentiment influenced by geopolitical developments and concerns over potential trade frictions, which continued to weigh on risk appetite.
Commenting on the current trends, Ajit Mishra, Senior Vice President – Research at Religare Broking, called the ongoing intermediate consolidation healthy as long as the benchmark manages to hold its previous swing lows. “The immediate support zone for the Nifty is placed around 26,000–26,200, while the upside potential towards the 26,500–26,700 zone remains intact in the near term. In the interim, participants are advised to focus on identifying quality stock-specific opportunities across sectors, keeping favorable risk–reward dynamics in mind,” Mishra said.
Here are 5 stock recommendations for Tuesday:
