Market Trading Guide: Bharat Dynamics, Schneider Electric are among 5 stock recommendations for Tuesday

Indian headline indices ended on a positive note on Monday aided by banks and financial services stocks. Individually, Kotak Mahindra Bank, HDFC Bank and Bajaj Finance did the heavy lifting. While the S&P BSE Sensex settled at 77,073.44, up by 454.11 points or 0.59%, the broader Nifty closed at 23,344.75, higher by 141.55 points or 0.61%.Commenting on the day's action Om Mehra, Technical Analyst at SAMCO Securities said that the index formed a bullish hammer pattern on the daily chart, suggesting a potential change in trend. "After a phase of consolidation and base formation around the 23,150–23,200 zone, Nifty appears to be gathering momentum for an upward move. The RSI on the hourly chart has rebounded from lower levels, showing a positive divergence that further strengthens the bullish outlook. The MACD momentum indicator, with its narrowing histogram, suggests a reduction in bearish pressure, indicating the potential for consolidation or a minor pullback," Mehra said.Here are 5 stock recommendations for Tuesday: Stock Ideas