India’s headline indices ended flat on Monday amid losses in IT and metal stock which neutralised the gains delivered by FMCG stocks. The indices remained extremely flat as market participants are closely watching for any updates on the US-India deal.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that an indecisive candle has formed on the daily chart, indicating continued lackluster sentiment in the absence of a clear outcome on Trump’s tariffs. “On the lower end, support is placed at 25,400. A fall below this level might trigger short-term selling pressure. Below 25,400, additional support is seen at 25,250 and 25,100. On the higher end, resistance is placed at 25,500. A decisive move above this level could push the Nifty towards 25,800," De said.
Here are 3 stock recommendations for Tuesday:

Agencies

Stop Loss: Rs 1,770
Target: Rs 1,950
The stock has given a triangle pattern breakout on the daily chart and also crossed above its 200-day EMA, signaling strength after prolonged weakness. However, RSI on the hourly chart is in the overbought zone, indicating a possible short-term retracement toward 1840–1820 levels. A buy-on-dip strategy is advisable in this zone with a stoploss at Rs 1,770. The expected upside is Rs 1,950, offering a potential gain of around 6% from the recommended buying range. The stock's current market price is Rs 1,867.

ETMarkets.com

Stop Loss: Rs 1,390
Target: Rs 1,530
The stock has recently given a consolidation breakout on the daily chart, indicating renewed bullish momentum. It is currently sustaining above its short-term 20-day EMA, reflecting strength in the near term. Notably, the stock has also managed to close above its long-term 200-day EMA in the recent session, which further confirms a positive trend. Additionally, RSI has shown a bullish crossover and is holding above its moving average, suggesting sustained buying interest and strong upside momentum in the stock.

ETMarkets.com

ANI

Stop Loss: Rs 1,785
Target: Rs 1,980
Metropolis Healthcare Ltd has broken out of a Symmetric triangle pattern on the daily chart, a bullish setup backed by strong volume, which indicates growing buying interest. The stock is currently hovering near its recent swing highs, with both the fast and slow EMAs moving upward, signaling steady positive momentum. The RSI is also on the rise, further supporting the strength of the ongoing uptrend. This combination of technical signals points to a strong bullish outlook, with the potential for more upside as long as the stock holds above the breakout level.
(Virat Jagad, Technical Analyst at Bonanza)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

ETMarkets.com