Market Trading Guide: Jindal Saw, Exide Industries among 3 stocks to buy on Tuesday. Likely upside up to 8% – Stock Ideas

RBI’s 50-basis repo rate cut impetus aided market movement on Monday as benchmark indices Sensex and Nifty closed positive for the fourth successive session. The gains were led by IT, auto and pharma stocks. The Nifty has finally broken out of its prolonged consolidation on the daily timeframe.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that market sentiment appears positive, with the index sustaining well above the crucial 50-day moving average (50DMA).
“A golden crossover on the daily chart has supported the bullish sentiment. Following the breakout, a rise towards 25,350 looks likely. A decisive move above this level could trigger a rally towards 25,700. On the downside, support is placed at 24,850; a breach below this level may lead to a shift in sentiment,” De said.

Here are 3 stock recommendations for Tuesday:

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