Market Trading Guide: TCS among 6 stock recommendations for Tuesday – Stock Ideas

It turned out to be an action-packed Monday for D-Street investors as the 30-share pack Sensex rose over 760 points, comfortably above the 54,000 mark. The Nifty50 advanced 229 points to settle above the 16,200 level, led by gains in financial and IT counters.

“The domestic markets kicked off the week on an optimistic note where the Nifty gained over 200 points and closed above the resistance of 16,275. Now for the coming sessions, the index could be heading towards the 16,450 mark,” said Mehul Kothari, AVP, Technical Research, Anand Rathi Shares and Stock Brokers.

However, we would advise short-term traders to book their long in this zone since there are multiple hurdles between 16,400- 16,500. On the downside, 16,140 might now act as very strong support in the coming sessions,Kothari added.

Here are the top six stock recommendations which analysts suggest: