Market Trading Guide: Buy MCX and IIFL Capital on Tuesday for up to 10% gains

Nifty closed with strong gains for the second session in a row propelled by IT stocks and well supported by auto and financials. It 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 has delivered a downward consolidation breakout on the daily timeframe, signaling strong positive momentum in the market. In his view, 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, he added.Here are 2 stock recommendations for Monday: Stock Ideas