stock ideas: Market Trading Guide: Deepak Nitrite among 6 stock recommendations for Tuesday – Stock Ideas

The domestic equity market started the week on an extremely pessimistic note amid a fall in global markets. Headline index Nifty took a dip below the 17,200 mark but eventually recovered a bit to close above 17,300. On the daily charts, we are now witnessing a lower top and lower bottom formation, which indicates a change in trend.

“For Nifty supports are placed at 17,150-17,000, whereas on the upside 17,500-17,600 could be a strong hurdle for the coming sessions,” Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers, said.

Here are 6 stock recommendations which analysts suggest: