Against the backdrop of weak global sentiment, Indian markets corrected sharply on Monday. The Nifty fell by over 3%, while the Sensex was down by 2200 points. Analysts say in the short term, 22000 would be the key level to watch. If the market manages to trade above this level, the pullback formation could continue up to 22500-22600.
“On the flip side, a dismissal of 22000/72400 may lead to further weakness. Below this level, the market could retest the 21800/71800 mark, and additional weakness may continue, potentially dragging the index down to 21650/71400,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.
Here are two stock recommendations for Tuesday
