Market Trading Guide: Buy Godawari Power, NMDC and 2 midcap stocks on Wednesday for up to 8% gains

Nifty ended with marginal gains today, finishing positive for the third time in a row. IT and financial stocks were major laggards today as markets traded in a tight range. The index continues to move higher following a falling wedge breakout, indicating improving bullish sentiment in the short term. Commenting on the current trends, Rupak De, Senior Technical Analyst at LKP Securities said that the RSI delivered a downward consolidation breakout on the daily timeframe, signaling strong positive momentum in the market. "The trend is likely to favor the bulls as long as the index remains above 25,900, making a buy-on-dips strategy favorable. On the higher end, 26,315 may act as immediate resistance, above which a further rally could unfold," De said.Here are 4 stock recommendations for Tuesday: Stock Ideas