Stock Ideas: Market Trading Guide: L&T among 6 stock recommendations for Wednesday – Stock Ideas

On Tuesday, the 30-share pack Sensex advanced 246.47 points to close at 54,768. Its broader peer, Nifty50, managed to settle comfortably above the 16,300 mark.

“Nifty opened below 16,200 but soon recovered early losses and surpassed levels of 16,300. Eventually, the Nifty ended higher for the third straight session. The appearance of a bullish candle ensures renewed buying interest during the intraday decline. Upward gapping area (i.e. 16,067-16,142) is likely to act as an immediate support zone, and sustenance above for the same is likely to keep near-term structure positive. After witnessing minor consolidation, eventually Nifty is likely to escalate towards 16,470 zone,” said Amit Trivedi, CMT, Technical Analyst – Institutional Equities, Yes Securities.

Here are the top six stock recommendations which analysts suggest: