Market trading guide: BEL, Kansai Nerolac among 4 stock recommendations for Tuesday – Stock Ideas

Domestic equities saw a turbulent beginning to the new Samvat year as the benchmark Nifty tumbled 500 points during the day to test a fresh 4-month low.

“From a technical point of view, the benchmark index has shown signs of a consolidation breakdown, and a similar move in a follow-up session could be devastating in the short term. Simultaneously, the derivative and technical parameters are in extremely oversold territory, and some respite from sell-off could uplift the overall sentiments,” said Osho Krishan, Senior Analyst – Technical & Derivatives, Angel One.

Here are 4 stock recommendations for Tuesday