Market Trading Guide: Genus Power and 1 more smallcap are stocks to buy on Tuesday. Up to 6% move seen – Stock Ideas

India’s headline indices ended with solid gains on Monday led by auto and IT stocks. After a positive start, the index remained in the green throughout the day.

Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty has reclaimed the 21EMA on the hourly chart, indicating improving sentiment. “The RSI has exhibited a positive divergence again, pointing towards improving momentum. Moreover, on the daily chart, a bullish Harami pattern has formed, signaling waning bearishness that could lead to a recovery in the short term. On the higher end, it might move towards 24850/25000. Support on the lower end, is placed at 24650/24500,” De said.
Here are 2 stock recommendations for Tuesday:

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