Market Trading Guide: Buy L&T Finance, 4 smallcap stocks on Tuesday for potential upside up to 9% in near term – Stock Ideas

After three straight sessions of losses, Indian headline indices rebounded on robust demand in auto, IT, and metal stocks, aided by strength in banks. The index witnessed a significant recovery from negativity as the Nifty reversed momentum following an inverted hammer pattern.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that on the hourly RSI, a hidden positive divergence is visible though a sell on rise sentiment is prevalent, as long as the index stays below 24,850. “Only a decisive move beyond 24,850 might induce a rally towards 25,250/25,500. On the lower end, support is placed at 24,500,” De said.

Here are 5 stock recommendations for Tuesday:

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}