India’s headline indices ended Tuesday with decline amid selling pressure in banks and financial stocks as uncertainties surrounding tariffs and geopolitical issues continued to weigh on Indian equities. The index slipped from the day’s high of 24,700, closing more than 200 points lower.
Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty index is likely to remain volatile with no clear directional bias in the short term.
“On the downside, immediate support is placed at 24,450; a break below this level could drag it towards 24,337 or lower. On the upside, immediate resistance is seen at 24,660–24,700, and a sustained move above this zone could push it towards 24,850 or even 25,000,” De said.
Here are 4 stock recommendations for Wednesday: