Day Trading Guide: Wipro among 6 stock recommendations for Wednesday – ​Stock Ideas

On Tuesday, the benchmark indices erased all gains and settled in red amid selling pressure in IT, auto, and banking counters. Sensex settled 100 points lower at 53,134, and its broader peer, Nifty50, ended the session near the 15,800 mark.

“Nifty rallied to register day’s high above 16,000 mark, however, inability to sustain at higher levels erased early gains. Since 13th June, Nifty has been failing to provide a close above 15,900. The appearance of a bearish candle with a relatively large upper shadow indicates that the recent trading band of 15,500-15,900 is still intact, hence sustenance above 15,900 is essential to regain momentum on the upside,” said Amit Trivedi, CMT, Technical Analyst – Institutional Equities, Yes Securities.

Here are the top six stock recommendations which analysts suggest: